560 Golden Meadow Dr Mcdonough, GA 30252
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About this home
Looking for a ranch in the A-rated Union Grove school district with great bones and even greater potential? This 3-bedroom, 2-bath 1947 sf brick front home is what you've been looking for. Offering functional space on a level lot in a serene community and priced to reflect the cosmetic work needed, this handyman special is a smart opportunity for buyers ready to invest a little sweat equity in exchange for long-term value in one of the area’s most sought after school zones. The open floorplan includes a wide entry foyer, vaulted ceilings, and a gas fireplace in the family room that opens to the eat-in kitchen with breakfast bar. A flexible sunroom just off the main living area offers the perfect space for a home office, playroom, or additional lounge area. The split bedroom layout ensures privacy, with two secondary bedrooms on one side and a spacious owner’s suite on the other. The oversized primary suite features a walk-in closet, double vanity, separate soaking tub and shower making it ready to be refreshed into your personal retreat. Outside, enjoy a country style front porch, back patio, and full privacy fenced backyard that’s perfect for pets, gardening, or play. A 2 car garage, long driveway, and hail proof roof installed less than a year ago add both convenience and peace of mind. The established HOA covers common area maintenance and offers amenities such as a pool, tennis & pickleball courts, sidewalks, and street lights. Located just minutes from schools, shopping, and local dining, this home delivers on location, layout, and long-term potential. Schedule your showing today and take the first step toward making this one your own!
Source: FMLS #7655684
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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.
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