1720 Mount Carmel Rd, Mcdonough, GA 30253
3 beds · 2 baths · 1,992 sqft
Introducing the Perfect Property for Your Dream Home Located at 1720 Mount Carmel Road in McDonough, GA, this one-level ranch home is ready for its new owner. Appraised at $430,000, this property offers a spacious home and ample land. Home Features: One-Level Ranch Home: Comfortable layout with partially finished basement. Condition: Medium condition, in need of cleanout, cleanup, and rehab. Land: 7.29 acres, perfect for outdoor activities or expansion. Recent Improvements: 2019 Water Heater 2011 HVAC Roof in Good Condition (4 years old) Windows are 2 years old all around Septic Tank Recently Pumped Opportunity: This property offers a unique chance to own a spacious ranch home with a large piece of land. With the right investment, it can become a beautiful and functional home. Don't miss out on this chance to own a piece of paradise in McDonough, GA. We have a new investor loan program with great rates and terms, please contact us to find out more, we can get your approved in 24 hours. (HOME INSPECTION WAS COMPLETED ON 09/07/2024, request it and we will give it to you for free!) Don't miss the opportunity to make this house your new home. Schedule a showing today! This property is being sold "as is." Prospective buyers are encouraged to perform all necessary inspections and evaluations prior to purchase. House is not vacant!!! Do not use ShowingTime, Agent is ONLY transactional do not reach out to him, our info is in private remarks, Check out the really good 3D Matterport virtual tour! It shows you everything! Property Problem Solvers will help you solve your problem, for more details get in touch with us!
Source: GAMLS #10391880
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10391880
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: #10391880
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.