4284 Maclaren Ct, Powder Springs, GA 30127
7 beds · 6 baths · 6,118 sqft
Get a free consultation call with an expert in the mortgage assumption process.
MAJOR PRICE IMPROVEMENT!! STUNNING! GORGEOUS! HUGE! Welcome home to the coveted Merrion Park, a serene, swim, clubhouse and sidewalk community! Homes in here seldom come on the market!! Nestled in the flourishing area of Powder Springs, this extremely large Executive home is among the largest plans in the community and sits on a level half acre, well manicured cul-de-sac lot. Instant curb appeal as soon as you pull up!! As you approach the grand entrance from the covered front porch, you're welcomed in through French doors into the 2 story foyer with an Impressive view! It's open concept, soaring ceilings, heavy trim work and premium, wide-plank, hand-scraped hardwoods (throughout main living area) offer just the tip of the iceberg!! To your left is the formal living room with deep coffered ceiling, which could hold a baby-grand or your library and offers optional privacy with French doors. To the right of the entrance is your grand dining experience that has room for all your friends and family and is served by an enormous butlers pantry! Continue down the welcoming and wide hall to the light-filled, stunning, two story family room with a bowed wall of windows!! Amazing, oversized chef's kitchen with breakfast area, island with pendant lights, stained cabinets, counterspace and storage galore will make the pickiest chef feel pampered!! Stainless steel appliances, granite counter tops, tumbled stone backsplash and double ovens round-out your inner chef's dream!! Still on the main floor, it has a true guest bedroom with a full bath and not to be missed is a large dedicated office space to boot!! Going upstairs you'll notice the wrought iron balusters and real hardwood stair treads! Enter the massive master bedroom with sitting area and accent columns. This bedroom and sitting area can accommodate the chunkiest of furniture and still offer more than enough room to move! The spa-like master bath offers his and her closets and separate tub and tiled shower! The second level offers three additional oversized bedrooms and two additional full baths. DRUM-ROLL, who needs a basement when you have the SHOW-STOPPER third floor of this fantastic home! Upstairs you'll find a massive game room with plenty of room for a pool table, foosball table, stand-alone arcade games and chill spots. Feel like working out? There's a dedicated gym on the third level OR if it's family movie night, there's a theater room complete with a wet bar and fridge! As you're touring this home notice the rounded corners of the sheetrock, the attention to detail and ALL the nice appointments of the build. You won't be able to find the quality, size and value anywhere!!
Source: FMLS #7434651
All values shown are estimated costs / mo.
Source: Public records
Source: FMLS #7434651
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 and Equal Opportunity Act.