469 Kimberly Ct Mcdonough, GA 30252
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About this home
Welcome to the Lake Dow community! This beautiful home offers 3 bedrooms plus a versatile flex room that can serve as an office or sunroom. The inviting split bedroom plan features an open concept design with a stunning eat-in kitchen featuring granite countertops, stainless steel appliances, farmhouse sink, updated cabinetry with pantry space, an island with breakfast bar and a breakfast area with bay window for natural light. Kitchen opens to a cozy family room with fireplace and trey ceiling. The spacious primary suite features a bay window perfect for a reading nook, an updated bath with jetted tub, oversized tile shower, dual vanities, and a huge walk-in closet. Two additional bedrooms on the opposite side of the home share a full bath that is also updated. Hardwood flooring runs throughout all main living areas and bedrooms, while tile accents the baths and laundry room. Car enthusiasts and hobbyists will love the 4-car garage setup-an attached 2-car garage plus a detached 22x24 garage with lean-to and concrete pad, perfect for a golf cart or small boat. Above the detached garage, you'll find a massive unfinished bonus room with endless possibilities. All on a private 1.25-acre wooded cul-de-sac lot, the home's large back deck is perfect for grilling out or relaxing outdoors.**Bonus!** Take advantage of an assumable loan with a fantastic 4.75% rate-ask for details! Neighborhood amenities include lake access and optional memberships for pool, gym, and golf course. Don't miss this incredible opportunity to own in Lake Dow!
Source: FMLS #7645249
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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.