885 Kelleytown Rd, Mcdonough, GA 30252
4 beds · 4 baths · 4,073 sqft
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Short Sale Notice: This property is being sold as a short sale, and all offers are subject to lender approval. This is a short sale and is contingent on approval from the lender. Seller will not accept offers below the list price without prior approval from the lender. Welcome Home To This Immaculate Showstopper In Kelleytown! Truly One Of A Kind, This Gorgeous Estate Home Is Nestled On 3+ Manicured Acres And Features 4 Bedrooms and 4 1/2 Bathrooms, Spacious, Inviting Kitchen With Granite Countertops And Stainless Steel Appliances, Separate Living Room, Bonus Room, Craft Room, And Huge 2000+ Square Foot Unfinished Basement With Multiple Flex Room Opportunities Such As An In-Law Suite Or A Home Theater. Let Your Imagination Run Wild With The Endless Possibilities In This Space. The Outside Is An Entertainer's Dream With A Beautiful Gunite Pool And Hot Tub, Fire Pit, Covered Patio And Wet Bar. Night Time Lighting Transforms This Space Into An Absolutely Magical Oasis. Also Included With The Main Home Is An Adorable 768 SqFt 2BR/1Bath Cottage/Guest Home That Is Situated Near The Front Of The Property. This Home Is Deeded Separately (Parcel ID/Tax ID116-01018000) And Can Provide Potential Rental Income As Well. Property being sold (As Is) Don't Miss The Opportunity To View This Amazing Estate! Due to the nature of a short sale, the closing process may take longer than a traditional sale. Approval from the lender can take several weeks, and there may be delays in responding to offers. Buyer acknowledges that the sale is subject to lender approval and may be denied or delayed. The sale may not be finalized if the lender rejects the short sale offer. This price is based on a preliminary evaluation of the property and is subject to lender approval.
Source: GAMLS #10384174
All values shown are estimated costs / mo.
Source: Public records
Source: GAMLS #10384174
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 of Equal Opportunity Act.