1465 N Mcdonough Rd Griffin, GA 30223
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About this home
There's something truly special about this charming 1945 farmhouse. Nestled on 5 peaceful acres, this 3-bedroom, 3 full bath home blends the warmth of the past with all the comforts of today. Sunlight pours through the windows, dancing across the beautiful hardwood floors. The kitchen and baths have been lovingly updated, offering modern convenience while keeping that farmhouse charm. There's plenty of room to gather with family and friends - from the cozy family room and bright living room, to the welcoming dining room and sunny eat-in kitchen. A multipurpose space gives you the flexibility to create a craft space or whatever fits your story. With a new HVAC system installed just 2 years ago, you can enjoy year-round comfort with peace of mind. The outside is where this property truly shines. Imagine morning coffee or sweet tea on the large screened-in front porch with its classic swing. Tinker, create, or store your treasures in the oversized 2-car garage, the heated and cooled workshop, or pole barn. The garden area with a drip irrigation system is just one of the many little details that you need to see for yourself. Schedule now to swing on the porch, breathe in the county air, and make this farmhouse your next chapter.
Source: GAMLS #10631520
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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.