406 Kenley Ct, Mcdonough, GA 30253
2 beds · 2 baths · 1,918 sqft
Get a free consultation call with an expert in the mortgage assumption process.
If you are seeking a move-in ready condo in a gated community close to everything in Henry County, this is absolutely the one to see! You can appreciate the attention to all the special details in this 2 bedroom/2 bathroom home: luxury vinyl plank floors, custom loose-laid carpeting, gleaming kitchen cabinets with granite counter tops, high-end plantation shutters on every window, stainless steel kitchen appliances, laundry room with sink (washer/dryer included!), and so much more! The home is bright and inviting, with tranquil views of the community pond! Enjoy the ambiance of the built-in speaker system that provides music throughout the condo and on the patio; or switch to television sound for sporting events and movies! The great room features a vaulted ceiling with fan and gas fireplace. Formal dining area. Vaulted ceiling sunroom with fan and glass pane double doors. Formal office/den with vaulted ceiling, fan and glass pane double doors. Vaulted ceiling guest bedroom with fan. Guest bathroom with tile floor and jetted soaking tub. Owner's suite with vaulted ceiling and fan. Tile floor owner's bathroom with double sink vanity, shower, and walk-in closet. The kitchen includes an abundance of cabinetry with a tile backsplash, granite counters and a pantry. Built-in desk area. Under cabinet lighting. Laundry room with charming tile floor, cabinetry, and sink. Walk-in utility closet. Two-car garage with remote. Community features street lights, swimming pool, clubhouse (with fitness equipment) and gated keypad entry. Association fee takes care of so much that you can truly enjoy your new home with comfort and peace of mind. Approximately two miles to I-75. One exit from Piedmont Henry Hospital. Close to McDonough and Stockbridge shopping, dining, entertainment and medical facilities.
Source: GAMLS #10497984
All values shown are estimated costs / mo.
Source: Public records
Source: GAMLS #10497984
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.
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.
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.
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.
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 “Save search” 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.
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 620, 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.