144 Pleasant Grove Rd, Mcdonough, GA 30252
5 beds · 4 baths · 3,999 sqft
Welcome to your dream home! This home comes with a low-interest rate ASSUMABLE VA LOAN!!! This stunning residence offers an open-concept layout of the oversized living room, dining area, and beautiful chef-style kitchen, which creates a warm atmosphere perfect for conversation with guests while preparing meals. The separate family room can also serve as a home office or den space. Additionally, there is a separate dining room that can be converted to whatever you imagine. The second floor provides ample privacy, making it a peaceful escape from the main living areas. The fully finished basement features its own full kitchen, providing endless possibilities for extended family living, rental for income generation, a guest or in-law's suite. From the covered front patio, enjoy your morning coffee or a quiet evening outdoors. Situated on over 1 acre of land, this home boasts a gorgeous, serene backyard with plenty of space for everyone to just run around or for outdoor activities like a smores over the fire-pit, lawn games, or even an outdoor movie night! Plus, there's a chain-fenced area, perfect for your pets and animals to roam safely. With no HOA, you have the freedom to truly make this property your own. Convenience is key with this location! Whether you're making a quick trip to a neighborhood grocery store or wanting to spend the day out with friends - you're only a few minutes to all the shopping, dining, and entertainments McDonough Square offers. Don't miss out on this incredible opportunity to own your own spacious and versatile home and create new memories!
Source: GAMLS #10419529
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10419529
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: #10419529
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.