VA loan
1 of 49
VA loan
$844,000

3280 Stillhouse Ln SE # 401, Atlanta, GA 30339

3 beds · 3 baths · 2,683 sqft

SUITE 401 IS THE MOST DRAMTIC CONDOMINIUM AT GREYSTONE AND SOON IT WILL BE RENOVATED WITH ALL NEW WOOD FLOORS, A COMPLETE REPAINTING, AND UPGRADES TO EVERY ROOM! THIS WILL BE YOUR UNIQUE OPPORTUNITY TO SELECT THE COLORS AND RENOVATION DETAILS TO PERSONALIZE THIS RENOVATION TO EXACTLY HOW YOU WANT IT TO LOOK. IT CAN ONLY BE SHOWN WITH THE LISTING AGENT. PLEASE CALL OR TEXT TO SCHEDULE YOUR APPOINTMENT! *****************************************************************************************************************************Suite 401 is a luxurious Penthouse Condominium in Greystone at Vinings and it is priced significantly below appraised value! This is a 2-story penthouse on the front side of the handsome Greystone Building which looks like a stately English Country Mansion surrounded by woods. Upon opening the front door of Suite 401 you will have a view of several rooms in this fabulous home and will be welcomed into the pleasantly light and airy interior with its dramatic 2-story wall of windows which captures indirect light reflected all day from the sky. The windows have custom top-down bottom-up blinds. The foyer has a gorgeous suspended chandelier and a custom stairway to the upper level. As you walk a few steps into the fireside living room and look through this amazing, high ceilings and spacious room with its panoramic view of the beautiful banquet size dining room, the fireside den and the incredible gourmet kitchen you realize you could soon be living in this amazing home! It's an entertainer's dream if you want it to be! The soothing primary bedroom suite occupies the entire left side of the main level of this wonderful home. This beautiful bedroom has a sitting area, a very private covered balcony, and a spa like marble bathroom which is a private sanctuary with an air bubbles bathtub, separate glass walled shower, dual vanities and a water closet with a TOTO motion sensing toilet cover which opens to reveal a lighted bowl rim. A hallway from the bathroom to the bedroom has walk-in closets on each side. The large private balcony has access from the living room and dining room and is the perfect place to enjoy the quiet, peaceful location of your new home or to observe the distant fireworks displays one mile away at the Atlanta Braves stadium all year-round. The laundry room is in-between the dining room and den. UPSTAIRS is a spacious bedroom with en suite bathroom and another bedroom with a custom closet and private covered balcony. Greystone amenities include an elegant entrance Lobby with separate sitting areas and a magnificent fireplace; the Concierge desk which is staffed 365 days a year with Atlanta's best concierge team led by head concierge Charlie who has been with Greystone for 8 years; the property manager's office; fitness center; club room with catering kitchen; library; game room; saltwater swimming pool and grotto with wine lockers. Once you move to Greystone you will discover it to be the most convenient and least congested location in Vinings on a dead-end street inside I-285 and close to I-75. It's secluded in a forest of trees but only 1 mile from The Battery and Truist Park which has become Atlanta's most popular venue for dining, entertainment and fun! Greystone is convenient to everything Cobb County and Atlanta have to offer including some of the finest restaurants, great shopping, the Cobb Performing Arts Center, Vinings Jubilee and The Galleria. The Cobb County Police and Sheriff Departments are the most no-nonsense policing authorities in Metro Atlanta and will keep you safe! The low Cobb County property taxes provide a school tax exemption when you reach age 62 to save about 65% on the already low Cobb County property taxes! Greystone checks all the right boxes, the only thing it's missing is you! Make an appointment to see your next home today! The listing agent Kirby has lived at Greystone since 2010 and can answer your questions!

Interest rate 3
5.55%
With Roam
7%
The seller’s mortgage rate at the time the loan was originated.
Monthly payment 3
$4,136
With Roam
$4,785
Reduce your monthly payments by $649 when you assume this mortgage.
You also save $216,929 in total interest paid.

$141,150
Edit

You may be able to put down less than the total down payment amount of $141,150 and have the rest of the funds financed with a 2nd mortgage from a lender. 4

Interest rate and monthly payment estimated based on public records.

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.

45-day closing guarantee 2
We work directly with the mortgage servicer to help you quickly and easily close the transaction.

VA loan
Eligible for investors
Not a veteran? You may still be qualified to assume the mortgage.
Location
Details
Home
Lot size
0.12 acres
Year built
2005
Type
Condominium

Source: FMLS #7379636

Loan
Remaining term
27 years, 10 months
Rate
5.55%
Monthly P&I
$4,136
Remaining loan balance
$702,849

Source: Public records

How it works

Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.

Tour

Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.

Offer

Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.

Close

Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.

Who can qualify

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.

Frequently asked questions

What is Roam?

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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.

What is an assumable mortgage?

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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.

Why is an assumable mortgage valuable?

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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.

How can you find assumable mortgage listings?

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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 “Get Notified” 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.

How do I qualify for an assumable mortgage?

expand content

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.

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Last updated: Dec 03, 2024 06:15 pm
Listing agent: Kirby Vieira
Listing provided courtesy of: HomeSmart (404) 876-4901
Details provided by FMLS and may not match the public record.
MLS ID: #7379636
Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work, please visit https://www.fmls.com/dmca.htm to review our DMCA policy and learn how to submit a takedown request. © 2024 FMLS.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.
Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 30 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.
$4,136/mo
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