1160 Chateau Ter, Mcdonough, GA 30253
4 beds · 3 baths · 2,168 sqft
Welcome to 1160 Chateau Terrace! This four bedroom, three full bathroom, split foyer home has been meticulously renovated! 1160 Chateau features 2,168 sf of living space. Arriving at the home you will find that our house sits on a charming cul de sac meaning extremely low traffic and a great place for the kids to ride their bikes. The driveway offers plenty parking in addition to a two car garage with electric motors. As we step through our front door and walk up the stairs to the main level we are greeted by an enormous living room with vaulted ceilings, a new ceiling fan and recessed lighting! The entire home has also received fresh paint, window blinds and flooring throughout including luxury vinyl plank flooring in the main living areas and bedrooms, carpet on the stairs and floor tile in the bathrooms. Through the back door on the main level we can access our deck with stairs down to our back yard. Moving left we have our dining area with recessed lighting and new chandelier. This room is directly next to the kitchen making it easy to entertain. As we make our way to the back of the house we find a newly renovated kitchen complete with recessed lighting, white shaker cabinets with new knobs, quartz countertops, under mount sink and stainless steel appliances. Just off the kitchen is a small breakfast nook with new lighting. On the far left side of the main level we have our oversized primary suite complete with new recessed lighting and ceiling fan. The primary bathroom features a double vanity with new quartz countertops, soaking tub, and walk in shower. All of the plumbing fixtures in the home have been updated as well. On the right side of the main level we have two more bedrooms and a full bathroom. As we move down the steps we find our fully finished basement. This basement comes with an enormous bonus living room and fireplace, washer and dryer hook ups in the hallway, fourth bedroom and another full bathroom. We also have access to our two car garage that has been fully painted. Come view today before this one is gone! (SELLER WILL PROVIDE A HOME WARRANTY UP TO $1,000) -SAM ELLIOTT IS BOTH THE LISTING AGENT AND OWNER -HOUSE DOES NOT MEET THE FHA 91 DAY FLIP RULE UNITL MAY 9TH, 2025 -NO SELLER FINANCING OR SUBJECT TO OFFERS -PREFERRED CLOSING ATTORNEY SHERMAN AND PHALEN (ASK ABOUT DISCOUNTED TITLE FEES)
Source: FMLS #7550692
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Why Roam
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If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
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Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: FMLS #7550692
To qualify, you must meet the current FHA or VA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50%. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 620, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.