4985 Mccoy Cir Cumming, GA 30040
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About this home
Why wait for lower rates? Seller says,"ADJUST the price AND offer $3,500.00 for an INTEREST RATE BUY DOWN! Call for complete details. Spacious 5br. home with finished basement, no HOA, and a detached Shop, tucked into a private setting in North Forsyth! Welcome to your dream property! Nestled on 1.64± acres of open, usable land, this home offers the perfect blend of comfort, space, and functionality—with NO HOA restrictions. Whether you're looking for a place to spread out, work on projects, or entertain, this property checks all the boxes. Step inside and fall in love with the stunning, modern kitchen, featuring stainless steel appliances, stone countertops, a walk-in pantry, and plenty of space for entertaining or family gatherings. A large wraparound porch invites you to relax and enjoy peaceful mornings, sunset views, or evening breezes in true Southern style. The finished basement adds incredible versatility with its mini kitchen—ideal for guests, a home office, game room, or multi-generational living. Car enthusiasts and hobbyists will love the detached shop, featuring a hydraulic lift, ample workspace, and storage for tools, toys, or even a home-based business. Oh, and it's AIR CONDITIONED! Additional features include, private setting for gardening, animals or entertaining, plenty of parking for RVs, boats, and all the toys, and easy access to local amenities. Don’t miss this rare opportunity to own a versatile property with endless possibilities and no HOA to limit your lifestyle!
Source: FMLS #7613008
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45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
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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.