722 Mundys Mill Rd, Jonesboro, GA 30238
3 beds · 2 baths · 1,510 sqft
Welcome to this charming and spacious 3-bedroom, 2-bathroom home nestled in the heart of Jonesboro, GA. Situated on a peaceful lane, this property offers a perfect blend of comfort and convenience. Upon entering, you are greeted by a bright and airy living space with large windows that flood the room with natural light. The open floor plan seamlessly connects the living area to the dining space and kitchen, creating an ideal setting for both relaxation and entertaining. The kitchen is equipped with modern appliances, ample cabinet space, and a center island, making it a chef's delight. It overlooks the dining area, perfect for enjoying meals with family and friends. The master bedroom is generously sized and features a private en-suite bathroom with dual vanities, a soaking tub, and a separate shower. The two additional bedrooms are spacious and offer plenty of closet space. A second full bathroom serves these bedrooms and guests. Outside, the home boasts a well-maintained yard with mature landscaping, providing a tranquil retreat. A patio or deck area offers a wonderful spot for outdoor gatherings and enjoying the Georgia weather. Additional highlights of this home include: Hardwood floors throughout the main living areas. High ceilings that enhance the sense of space. A dedicated laundry room for added convenience. Attached garage or carport for parking and storage. Located in a desirable neighborhood, this home offers easy access to local schools, parks, shopping, and dining options. Its proximity to major highways ensures quick commutes to Atlanta and surrounding areas. Whether you're looking for a place to raise a family or a peaceful retreat to call your own, 722 Mundy's Mill Lane promises to exceed your expectations with its charm, functionality, and prime location.
Source: GAMLS #10359660
Source: GAMLS #10359660
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
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.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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.
MLS ID: #10359660
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.