121 Pinnacle Ln Mcdonough, GA 30253
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About this home
McDonough's highly-desired Pinnacle Pointe (55+) adult community. With amenities that include a Clubhouse, Garden Park, Walking Trail, Street light and Sidewalks for those morning or evening strolls. This charming ranch home offers new carpet and fresh paint along with comfort, space and a splash of elegance. Step into the Foyer and you'll be greeted with beautiful arches and columns. The spacious living room includes, a brick fireplace and vaulted ceilings. The attractive dining room sits 12, offers custom trim and a trey ceiling. Whether you're sitting in the breakfast area enjoying the bay window or at the kitchen bar you'll experience plenty of natural lighting. This kitchen has lots of cabinet space, tiled backsplash, solid surface countertops and 2 pantries. The Owners Suite offers room for all your needs including the custom bump out window, Trey ceiling and a walk in closet. The Owners Bath includes a double vanity, large separate shower with glass doors, tiled backsplash around the soaking tub, and tiled floors. The Split BR Plan is perfect for guests and/or potential office space. A portion of the backyard is fenced-in with wrought iron fencing. Also, the backyard adds a garden table with storage space for your gardening tools. This home is located just minutes from the Historic Downtown McDonough Square. Experience quaint shops, delicious eateries, grocery shopping, banks, entertainment, music on the square. Come see for yourself.
Source: GAMLS #10548892
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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.