Welcome to 384 Ralph McGill Blvd NE, Unit 322, a beautifully updated 1-bedroom, 1-bath residence positioned in one of Atlanta’s most vibrant and connected neighborhoods — Old Fourth Ward, just moments from Midtown and Downtown. This thoughtfully renovated condo delivers the perfect balance of modern updates, city lifestyle, and unbeatable walkability, placing you minutes from Ponce City Market, Krog Street Market, The Atlanta BeltLine, top restaurants, shopping, and entertainment, with effortless access to major highways and Atlanta’s key employment hubs. Inside, the home has been refreshed with recent upgrades, creating a move-in-ready experience for today’s buyer. The renovated kitchen now features a new island, updated countertops, and modern appliances, creating a more functional and stylish centerpiece for entertaining or everyday living. The open layout is enhanced by 9-foot ceilings, 8-foot doors, crown molding, and recessed lighting, adding architectural depth and a refined atmosphere throughout the home. The spacious bedroom connects to a walk-in closet outfitted with an Elfa adjustable organization system, while the updated bathroom provides a clean, modern retreat. One of the most unique features of this residence is the rare courtyard-facing private patio, offering direct access to the pool, clubhouse, and fitness terrace—perfect for enjoying morning coffee, relaxing evenings, or entertaining guests in a serene outdoor setting. Additional conveniences include in-unit laundry with space for a full-size stackable washer and dryer and a secured, reserved garage parking space located just steps from the elevator. Residents of this full-service, secured building enjoy an impressive collection of amenities including: • Concierge service • Resort-style pool • Fitness center • Clubhouse and business center • Dog park • Secured garage parking The monthly HOA includes water, gas, trash, sewer, cable, and internet — leaving electricity as the only separate utility, making ownership both convenient and predictable. With its prime location, modern updates, private outdoor space, and strong amenity package, Unit 322 represents an incredible opportunity for buyers seeking city living, long-term value, or an ideal Atlanta pied-à-terre. FHA and VA approved. Discover why so many people are choosing to Love Where They Live in Old Fourth Ward. ?? Schedule your private tour today. Let’s Elevate You Into Elevated Living.
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.
