161 Annaberg Pl, Mcdonough, GA 30253
5 beds · 4 baths · 3,087 sqft sqft
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!
Source: GAMLS #10348335
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10348335
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: #10348335
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.