201 Cranapple Ln, Mcdonough, GA 30253
4 beds · 3 baths · 2,310 sqft
Welcome to this stunning 4-bedroom, 2.5-bathroom home that blends style, comfort, and modern convenience! With its charming brick-front and sleek HardiPlank siding, this home exudes curb appeal from the moment you arrive. The home sits on a double corner lot. Step inside to find a bright and spacious interior featuring gorgeous LVP flooring that stretches throughout the main living areas and continues upstairs, adding a cohesive, modern feel throughout the entire home. The heart of the home is the beautifully designed kitchen, complete with granite counter tops and top-of-the-line stainless steel appliances—perfect for cooking and entertaining. The open floor plan flows effortlessly into the cozy living spaces, creating an inviting atmosphere for gatherings and relaxation. A beautiful accent wall between the family room and kitchen adds a touch of character and warmth, perfect for decor. The spacious master suite offers a private retreat with a large sitting area, ideal for reading, enjoying your morning coffee, or simply unwinding. The owner’s suite bath features a spacious double vanity, offering plenty of room for all your essentials and making mornings a breeze. Upstairs, you'll find more of the same stunning LVP flooring, ensuring a seamless transition from floor to floor. Additionally, the home boasts a large storage room, perfect for organizing seasonal items, extra belongings, or creating a personalized space for your needs. Outside, you’ll find a fenced yard—great for pets, playtime, or entertaining. The home was built in 2021, so with all the major systems being only 4 years old, you can move in with peace of mind knowing everything is in great condition. This home is the perfect blend of charm, functionality, and comfort. Come see it for yourself and imagine all the possibilities it has to offer!
Source: FMLS #7543189
Financials
Source: Public records
Source: FMLS #7543189
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.