400 17th St NW # 1119, Atlanta, GA 30363
1 beds · 1 baths · 884 sqft sqft
Welcome to Art Foundry located in Atlantic Station in the heart of Midtown Atlanta. Listed is a 1st floor 1 bed/1 bath unit with an open floor plan. It has hardwood flooring throughout, 10ft ceilings, and a screened in porch. The kitchen is lined with granite counter tops, upper and lower cabinet storage space, stainless steel appliances, and space for sitting at the counter. In the bathroom there is a dual vanity with granite counters, tile in the standup shower as well as a bathtub/shower combination and a walk-in closet. The master bedroom is spacious with natural light. Art Foundry is a neighbor friendly community that offers great amenities like: a well-equipped gym, spa and sauna rooms, 24-hour security, pets, an EV charging station, and a well gated parking garage. The best part of living here is the LOCATION LOCATION LOCATION!!! You would be a 10-minute walk from Atlantic Station where there are a plethora of restaurants and shops, a 5 minute drive to I-75/I-85 as well as Westside Provisions and the newly built Interlock that has everything from family fun Putt Putt to a Holiday bar for a cute date night. If you want city living, Art Foundry is the place!
Source: FMLS #7397262
You may be able to put down less than the total down payment amount of $51,410 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.
Source: FMLS #7397262
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
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.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
What is Roam?
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?
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?
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step. Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #7397262
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.