1255 Mcminn Way Snellville, GA 30078
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About this home
This sprawling 6,800 sq ft with 4-sided brick/stone and modern estate in the prestigious Brookhaven neighborhood offers resort-style luxury and endless exposure without compromising privacy. Meticulously designed and craftsmanship is a retreat of elegance and sophistication for those seeking the ultimate in comfort, beauty, and convenience The home features 5 bedrooms and 4.5 bathrooms, a 3-car garage with 10+ parking driveway, 2 cozy fireplaces, hardwood floors, granite countertops, stainless steel appliances, a large backyard, a balcony, and a private screened porch. Upstairs, the lavish owner's suite features dual walk-in closets and a spa-inspired bath with heated floors. The finished terrace level provides endless entertainment options with a custom wine cellar. You will be amazed by the sunroom overlooking the large backyard, where you can relax or entertain guests in style. This home has everything you desire and wish, such as a laundry room with a washer and dryer, shelves, and a sink; a bonus room that can be used as an office, a playroom, or a guest room; crown molding, recessed lighting, and ceiling speakers throughout; and a security system and a smart thermostat for your safety and convenience. The scenic and friendly neighborhood amenities are top-notch, and provide access to Governors Towne Club's immaculate golf course, tennis courts, fitness center, pool, and more. Top-rated schools, The Collection at Forsyth upscale shopping/dining, and Avalon are minutes away. A Short walk to Brookwood Elementary School and Brookwood High School, or a drive to the Snellville Towne Center, which has a variety of shops, restaurants, and services. You can also explore Stone Mountain Park, which features hiking trails, scenic views, and family attractions. Don't just imagine the possibilities - make it a reality for you and your loved one.
Source: FMLS #7674866
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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.
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