739 MADISON PARK DR, Grayson, GA 30017
Welcome to your dream home! This stunning 4 bedroom, 2.5 bath brick home is situated on the largest and most private corner lot in the subdivision, offering an expansive yard filled with endless possibilities for outdoor activities and gardening, including existing peach trees. As you step inside, the open foyer with dark, rich hardwoods welcomes you, leading to a cozy sitting room and an entryway to the gorgeous open-concept kitchen and family room. The kitchen is a chef's delight, featuring stainless steel appliances, granite countertops, a large walk-in pantry, and a Bosch dishwasher. The community offers fantastic amenities, including a playground, firepit, and pavilion. Located close to downtown Grayson, you'll enjoy charming eateries, parks, and shopping, all within the sought-after Grayson school district. Plus, there are no rental restrictions, adding to the flexibility and appeal of this beautiful home. Don't miss out on this perfect blend of comfort, style, and convenience. Schedule a showing today and make this incredible home yours! Exceptional Features: - Largest Yard in Subdivision: Perfect for outdoor activities and gardening. - Bosch Dishwasher: Top-quality for all your kitchen needs. - 5G Video and Audio Security System: Equipped with LED lighting for enhanced safety. - Private Backyard Gate: Provides direct access to the mailbox and park. - Double-Wide Fence: Big enough for a dump truck, offering both privacy and practicality. - AT&T Fiber Internet: High-speed internet for all your connectivity needs. - Custom Wood Closet in Master Bedroom: Elegant and functional storage. - His and Hers Closets in Master Bedroom: Ample space for both partners. - Arch Windows and Coffered/Vaulted Ceilings: Add architectural beauty and elegance. - Rear Patio: Perfect for entertaining guests or enjoying peaceful outdoor moments.
You may be able to put down less than the total down payment amount of $263,292 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: #10347397
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.