108 Donovan Ave Locust Grove, GA 30248
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About this home
Welcome to this gorgeous 5-bedroom, 3.5-bath residence nestled in one of the most prestigious and highly sought-after communities. Situated on 1.29 beautifully manicured lawn with custom landscaping, this home offers exceptional curb appeal and elegant finishes throughout. The main level features gleaming hardwood floors, detailed crown molding, a spacious formal living room, and an oversized formal dining room perfect for entertaining. The expansive kitchen includes white cabinetry, stainless steel appliances, a cozy family room with a fireplace, and a convenient mudroom with a half bath. The luxurious owner's suite is located on the main level and includes double vanities, an oversized garden tub, and a walk-in stone shower. Upstairs, you'll find four generously sized bedrooms-one currently used as a media room and another as a recreational space. All upstairs bedrooms are carpeted and designed for comfort. Step out back to enjoy a peaceful, enclosed patio with the option of a ceiling fan ideal for year-round enjoyment. The backyard is fully fenced for privacy and features a custom irrigation system to maintain the lush landscaping. This home truly combines space, comfort, and elegance in an unbeatable location 4-camera surveillance system included. Motivated Seller Loan Assumption Available
Source: GAMLS #10538790
Neighborhood
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FAQs
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.