460 Rabbit Run, Mcdonough, GA 30252
3 beds · 4 baths · 2,203 sqft
Escape to Your Private Woodland Sanctuary at 460 Rabbit Run, McDonough! Imagine coming home to your own 5.27-acre slice of paradise, nestled amidst towering trees in the heart of McDonough. 460 Rabbit Run isn't just a house; it's a lifestyle—a serene retreat where you can unwind and reconnect with nature, all while enjoying the convenience of suburban living. Step inside and be greeted by an abundance of natural light cascading across the expansive, open concept living space. Luxury vinyl floors flow seamlessly, leading you to a warm and inviting family room. Picture cozy evenings gathered around the charming wood-fed Franklin stove, crackling gently and filling the room with warmth—a perfect spot for creating lasting memories and saving on those winter heating bills. For the culinary enthusiast, the chef-inspired kitchen is a dream come true. Granite countertops gleam under modern stainless-steel appliances, including a double oven perfect for holiday feasts. The oversized island becomes the heart of the home, where friends and family gather to share stories and laughter. Retreat to the luxurious master suite, your personal sanctuary. Indulge in the spa-like en-suite bathroom, featuring dual vanities, a rejuvenating jet spa shower, and his-and-her walk-in closets designed to impress. Two additional generously sized bedrooms offer flexibility for family, guests, or a dedicated home office. But the magic doesn't stop there. This property boasts not one, but two 2-car garages—an attached garage for everyday convenience and a detached garage for all your hobbies and storage needs. Plus, a finished basement room provides a private home office, while the rest of the expansive, finished basement offers endless possibilities: a potential in-law suite, a rental apartment, or the ultimate entertainment zone. Step outside and discover your own private backyard oasis. The fenced yard provides a safe haven for children and pets, while the spacious deck beckons for outdoor gatherings. Imagine grilling under the Georgia sky, dining al fresco, and unwinding in your very own jacuzzi—all while enjoying the tranquil views of the neighboring horse farm. Located in a quiet, family-friendly neighborhood, 460 Rabbit Run offers the best of both worlds: peaceful seclusion and easy access to top-rated schools, parks, lake activities, shopping, dining, and major highways. Don't just dream of the perfect home—live it! Schedule your private tour today and experience the unparalleled charm and tranquility of 460 Rabbit Run. This isn't just a home; it's your personal retreat, your sanctuary, your forever place.
Source: FMLS #7538948
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Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
Source: FMLS #7538948
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. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
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 “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.
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 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.