161 ANNABERG PL, Mcdonough, GA 30253
LOCATION, LIFESTYLE, LUXURY! Experience the perfect blend in this 5-bedroom, 4-bath Single Family Residence nestled in the beautiful suburbs of McDonough - a Henry County suburb. This home is in a managed community which offers homeowner pride through protective covenants, includes a COMMUNITY POOL, CLUBHOUSE, and PLAYGROUND, a traditional style exterior architecture, with a leveled landscape and unparalleled proximity to a national gym, hospital, dining, shopping, and schools. Upon entry, this home features a 2-story open foyer that welcomes you with a palatial greeting; the option is there to use the room to your right as a home office or formal Living Rm and to the left designed separately for Formal Dining. The Large Kitchen boasts many cabinets, a Breakfast Rm w/ an Island and a generous size pantry, with easy access from the hardwood floored Dining room suitable for 10 or more. The open Family Rm features a cozy gas fireplace, w/ access to a deck, perfect for outdoor grilling. Upstairs is an Elegant Owner's Ensuite w/ an oversized Sitting Rm, a Huge soaking tub, separate shower and Large walk-in closet. Accompanied on the same floor by three additional bedrooms and 2 Baths ideal for a Jack and Jill experience. The Main level includes a Full Bath attached to a versatile flex room, perfect as a fourth Bedroom, in-law suite or for your favorite guest. This spacious home also has an unfinished Daylight basement already stubbed out and suitable for Generational Living or a spacious Media Studio and Private Sanctuary. With convenient access to 75-South, just minutes from Piedmont Henry Hospital, and roughly 30 miles south of Atlanta , this Residence not only provides traditional luxury but also the convenience of being close to essential amenities and Schools. Don't miss this rare opportunity to enjoy suburban living at its finest in a well nurtured community!
You may be able to put down less than the total down payment amount of $236,419 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #10348335