801 Eggie Ct Mcdonough, GA 30252
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About this home
Beautiful 4 sided brick two story home on level corner lot in Lake Dow North with golf course view and lake access! The exterior is about as low maintenance as you can possibly get with 4 sides brick, vinyl trim/overhangs and a sprinkler system to take care of the yard. This home has hardwood floors throughout most of the house, great open floor plan with two story foyer, formal living room and dining room, den/family room with fireplace open to the kitchen & eating area. This home has lots of storage. The large oversized kitchen has tons of cabinet space, plus granite counters and stainless steel appliances. The spacious master suite is also complete with a sitting room. The master bath features his and her countertops with a gorgeous walk in shower and jetted tub. All of this on a level, wooded corner lot on a small cul-de-sac street. Enjoy entertaining on your own covered Patio perfect for that family get together. Lake Dow North owners have access to the lake and can purchase an annual membership for the pool, tennis courts and weight room. Also located in the Ola School District.
Source: GAMLS #10629258
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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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