When most people hear a "Peachtree Street" address they assume they can't afford it. Most people are wrong. The William-Oliver Building has stood at Five Points since 1930, when it became Atlanta's first Art Deco skyscraper. Nearly a century later, you can own a freshly updated two-bedroom, two-bath condo inside this historic landmark for $174,900. Let that number sink in for a moment. This is 2 bedrooms, 2 baths with over 1000 square feet, on THE Peachtree Street, in a building listed on the National Register of Historic Places, with a brass-and-marble lobby that still turns heads every time you walk through it. Unit 1307 sits on the 13th floor, where the skyline views remind you exactly where you are: the center of everything. The interior is being freshly updated right now and will go live on the market Thursday, April 2nd, so what you're reading is your head start. The building itself takes care of nearly everything a downtown resident could want: 24/7 concierge at the front desk, secured fob entry at the doors and elevators, a rooftop pool and clubhouse with panoramic city views, a fitness center, business center, and bike storage. Step outside and you're standing at the crossroads of Atlanta's past and future. Woodruff Park is directly across the street. Centennial Olympic Park, the World of Coca-Cola, the Georgia Aquarium, and Mercedes-Benz Stadium are all within walking distance. The Five Points MARTA station puts every corner of the city within reach without a car. Georgia State University is essentially next door, which makes this an especially smart play for any parent doing the math on four years of campus-area rent versus building equity in a condo their student actually lives in. Behind the building on Broad Street, you'll find a growing stretch of restaurants and coffee shops fueled by the university crowd. Underground Atlanta's ongoing transformation continues to bring new retail and energy to the block. And the Azalea Fresh Market on Edgewood keeps everyday grocery runs simple. At $174,900, this is not a compromise. This is a Peachtree Street address in a historic Art Deco high-rise with real amenities, real views, and a price point that makes the monthly math work whether you're a first-time buyer stepping into ownership, a young professional who wants to live where the city actually lives, or a savvy parent turning tuition-town rent into a long-term asset. Condos in this building with this combination of updates, floor height, and views do not come around at this price often. The coming soon window is short. Call your agent and get on the schedule before April 2nd.
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.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
