539 Tellico Sq Mcdonough, GA 30252
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About this home
2.875% Rate Assumable VA with ROAM! 539 Tellico Square · McDonough, GA 30252 Emerald Falls Subdivision | Henry County Schools Luxury One-Level Estate with Finished Walk-Out Terrace Level on 1.2 Acre Cul-de-Sac Lot! Nestled in the quiet and desirable Emerald Falls community, this beautifully maintained four-sided brick ranch offers exceptional space, comfort, and versatility—all on a private, wooded lot at the end of a peaceful cul-de-sac. Step inside to an inviting foyer leading to open living and dining areas accented by elegant millwork, soaring ceilings, and natural light. The chef’s kitchen overlooks the family room and breakfast area, featuring custom cabinetry, generous counter space, and seamless flow for entertaining or everyday living. The expansive owner’s suite is a true retreat with a private sitting area, spa-style bath with dual vanities, jetted tub, tiled shower, and multiple walk-in closets. Additional bedrooms on the main level offer flexibility for family or guests, along with a versatile bonus room perfect for a home office or hobby space. The fully finished terrace level provides even more living options—including a media room, recreation space with fireplace and wet bar, a second kitchen with dining area, two additional bedrooms, and a full bath. There’s also a large workshop/storage area with exterior access through a convenient boat door—ideal for hobbies, tools, or extra storage. Enjoy outdoor living at its best with a screened-in porch overlooking a serene, tree-lined backyard, plus a spacious front porch and 3-car side-entry garage. Located in sought-after Union Grove school district, this home offers the perfect blend of privacy and convenience—just minutes from shopping, dining, parks, and major routes. Emerald Falls features a community lake, tennis courts, and green space, making this property a truly rare find.
Source: FMLS #7673297
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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.