864 Maduro Way, Mcdonough, GA 30253
4 beds · 2 baths · 2,552 sqft
Welcome home to Southern Hills, a beautiful community with resort-style amenities across from Locust Grove's Luella schools! This home was recently built, is move in ready and exudes style and functionality. Nestled in a serene cul-de-sac, this property offers a tranquil escape from the hustle and bustle of life. Step into the open-concept floor plan and be greeted by an abundance of natural light. The kitchen is a culinary masterpiece, featuring an expansive island that seats 4, stunning granite countertops, plenty of white cabinets and stainless steel appliances. Entertain family and friends in the large living room with views to the kitchen and dining area. You’ll love the roomy open floorplan with first floor dedicated study/office. Retreat upstairs to the spacious owner’s suite complete with a cozy sitting area and a generously sized walk-in closet, offering both comfort and convenience. Relax and unwind in the spa-like bath which boasts double vanities, large garden soaking tub and separate glass shower. Three additional spacious bedrooms and full bath complete the upstairs. The outdoor space has a large yard and patio perfect for entertaining or simply enjoying a quite evening. This modern luxury home offers exceptional value for those seeking a combination of style, comfort, and convenience. Located near parks, shopping centers, and schools. Enjoy the luxury of having everything you need within reach, while still being able to retreat to your own private oasis. Don't miss the opportunity to make this exquisite home your own. Schedule a showing today!
Source: FMLS #7446493
Source: FMLS #7446493
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: #7446493
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.