1251 Polk Xing, Mcdonough, GA 30252
6 beds · 5 baths · 6,283 sqft sqft
**Dream Home Alert: A Stunning Tri-Level Masterpiece** Welcome to a residence where luxury meets innovative design, a true showcase of modern elegance. This exceptional home redefines traditional layouts with its unique three-level configuration, featuring a stunning reverse basement that elevates your living experience. **Main Floor Elegance:** Upon entering, you're greeted by a grand two-story foyer that sets the tone for the rest of the home. The soaring ceilings and opulent design elements create an atmosphere of grandeur. The main level offers an array of refined spaces including a formal living room and a sophisticated mudroom. Rich hardwood floors flow seamlessly throughout the area. A highlight of this floor is the bespoke bar and hookah lounge-perfect for entertaining or relaxing in style. Additionally, this level boasts a beautifully appointed bedroom and a full bathroom, providing a private and comfortable in-law suite for your family or guests. **Gourmet Kitchen:** The chef's kitchen is a culinary masterpiece featuring gleaming granite countertops and high- end stainless-steel appliances. This open-concept space is designed to inspire gourmet creations and is ideal for both intimate meals and grand entertaining. **Second Floor Serenity:** Ascend to the second floor where a spacious loft overlooks the elegant front entrance. The oversized primary suite is a true retreat, complete with a double-sided fireplace and two expansive walk-in closets. The en-suite bathroom ensures luxury and convenience, while a second full bathroom, accessible through a Jack-and-Jill layout, serves the additional bedrooms with ease. **Reverse Basement:** The third floor, your entertainment haven, features a versatile loft, a state-of-the-art theater room, and ample storage closets. Here, you'll find another generously sized bedroom and an additional walk-in closet, providing endless possibilities for relaxation and recreation. **Outdoor Oasis:** Step outside to your choice of outdoor retreats-an upper-level deck perfect for al fresco dining or a ground-level patio ideal for casual gatherings. This home is a harmonious blend of grandeur, functionality, and sophistication, designed to offer unparalleled comfort and style. Experience the ultimate in luxury living-your dream home awaits.
Source: GAMLS #10413681
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10413681
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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 580, 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.
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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 580, 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.
MLS ID: #10413681
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.