145 Paulownia Cir, Mcdonough, GA 30253
4 beds · 3 baths · 3,076 sqft
Discover a modern lifestyle wrapped in comfort with this stunning 4-bedroom, 3-bathroom home, offering 3,076 square feet of living space. Nestled in the Wildwood at Avalon community, this single-family home awaits its new owner to enjoy its modern amenities. Situated on a spacious corner lot, double the size of most in the area, experience luxury with stylish finishes seamlessly guide you through each room. The fully-equipped kitchen is a chef's delight, boasting a walk-in pantry for ample storage. Unwind in the tranquil owner's suite, a perfect retreat to rejuvenate after the day's activities. The custom-built walk-in closet provides a dedicated space for exceptional organization. This energy-efficient home welcomes you with abundant natural light and an inviting fireplace. Climate control is effortless with central cooling and forced air heating, ensuring year-round comfort. The exterior features charming brick accents and thoughtfully landscaped grounds, enhancing the large backyard-ideal for outdoor activities and relaxation. Built in 2020 with solid wood construction, a durable asphalt roof, and a slab foundation, this home guarantees quality and durability. Neighborhood also features a pool and walking distance to Avalon Park. Conveniently located 5 mins from I-75 and major highways. Enjoy shopping and dining at South Point Pavilion! An additional advantage is the assumable loan at an incredible 3% rate, offering significant savings for the new owner! Don't miss the opportunity to make this house your forever home!
Source: FMLS #7447073
Source: FMLS #7447073
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: #7447073
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.