201 WESTWINDS TRL, Mcdonough, GA 30253
This beautiful 2 story home, close to everything you need, is waiting for you! Enter the home through the front door, admiring the colorful landscaping and rocking chair covered front patio, into the grand 2 story foyer. This home is full of windows and light! Formal dining room with room for a table of least 8 on your right, and to the left, through curtained french doors, you will find an office/bedroom with closet. Walking straight ahead, you enter the large family room where you can bask in 2 full stories of windows and sunlight and enjoy evenings around the fireplace. Enter the updated kitchen with island, double ovens, and space for a table of at least 6. Through the kitchen towards the 3 car garage, you'll find a pantry closet, large laundry room and half bathroom. Beautiful wide plank, light colored LVP flooring throughout most of the first floor. There are 2 sets of stairs to take you up to the 4 bedrooms, one from the foyer and one from the kitchen. You'll notice the updated crystal lighting throughout the home as you appreciate the upper view from the cat walk. 4 large bedrooms and 2 full bathrooms are upstairs. You can relax in the primary suite, enjoying plenty of room for your California King size bed, split vanities, soaking tub, shower, separated toilet room and multiple closets. The 2nd bedroom is huge, big enough for a queen bed and full furniture set, great as the hang out spot for teens or for the video gamers in the family. 2 ample additional bedrooms along with a full bathroom in the hall. Head outside to the hardscaped entertainer's dream in the back yard! Invite your friends and family to watch the big game and grab a drink, show off your grilling skills and watch the kids play on a large playset, on this expansive corner lot. You'll be the favorite place for the cook-out and extended family gatherings! The community has pool, tennis courts and playgrounds. Need to commute to the office - this home is less than 5 minutes from 75! Sams Club and lots of shopping, multiple Starbucks and coffeeshops within 5 miles in different direction and nearly any style food you could want for dine-in or delivery. All of this in one fantastic house, under a roof that is approximately 5 years old!
You may be able to put down less than the total down payment amount of $162,062 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: #10367100