2140 Airline Rd Mcdonough, GA 30252
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About this home
Introducing this better than new resale with an amazing opportunity to ASSUME A VA LOAN at a 2.875% INTEREST RATE for the qualifying buyer. Over $50,000 in upgrades set this home above the new construction options for this area. You will not want to miss your opportunity to see this home and explore all of its amenities. Located approximately 30 miles from the Atlanta airport and within the Union Grove High School district, this home offers convenience, privacy and comfort on a large homesite of just over 1-acre. The home sets on a level, fully sodded lot with a backyard surrounded by wooden privacy fencing, this offers privacy and massive space for enjoying the outdoors. Outdoor lighting and beautiful flower beds greet you as you enter the home. A 2-story foyer welcomes you inside with a dream office, with built in bookshelves, just to the right. You enter the office through sleek, modern sliding glass and black steel doors. The main living room with vaulted ceiling and cozy gas log fireplace offers the best socializing atmosphere with an open view to the kitchen, breakfast area, and elegant coffered ceiling dining area. The kitchen is expansive. The grand island offers generous space for preparation of your main course and later displaying hors d’oeuvres as you entertain your guests. If the sophisticated crown-crafted 42” stained cabinetry is not enough to store your kitchenware, never fear, there is also a massive pantry with built in California Closet shelving, added to accommodate your needs. The kitchen also offers updated stainless-steel appliances, granite counters, tile backsplash and stainless steel undermount deep sink. Also on the main level is the large primary suite with beautiful double tray ceilings in the main room as well as the owner’s lounge. The primary bath offers a deep jetted tub with ceramic tile surround, ceramic tiled separate shower with glass door, and a double vanity with granite countertops over raised cabinets. The owner’s walk-in closet includes a custom designed wardrobe for the utmost in organization with an abundance of shelving, drawers and hanging areas. Following the hardwood flooring up the wooden stairway with wrought iron balusters to the 2nd level you will find 4 generously sized additional bedrooms, all with large closet space and attic access points, and 3 full bathrooms for family or guests. There is a 3-car garage, a mudroom with bench seating and shoe storage cabinets in both areas. The laundry room is located just off the mudroom. Additional upgrades include: a whole home Generac 26 kw generator to keep the house operational during power outages; 10% tint on all windows on the front elevations (west facing) of the home to control light and heat exposure; flooring, bedroom lighting and kitchen plumbing upgrades round out the list of the well thought out improvements within this beautiful home that add both sophistication and practicality. Showing times are limited due to work schedules so plan with your agent for a weekend appointment.
Source: FMLS #7667654
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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.