Sophisticated High-Rise Living in the Heart of Downtown Atlanta FHA/VA Approved! ASSUMABLE FHA MORTGAGE WITH A LOW INTEREST RATE of 2.9% AVAILABLE. Welcome to Unit 2713 at 400 W Peachtree - a stunning 2-bedroom,2-bath condo perched on the 27th floor of the sought-after Twelve Centennial Park building. This modern, light-filled unit offers breathtaking panoramic views of the Atlanta skyline through floor-to-ceiling windows and a private balcony, perfect for relaxing or entertaining. Inside, you'll find an open-concept layout featuring hardwood floors, high ceilings, and a sleek, contemporary kitchen with granite countertops, stainless steel appliances, and a breakfast bar that opens to the spacious living area. The generously sized bedroom includes a walk-in closet and direct access to the bathroom, which boasts a granite vanity and a large soaking tub/shower combo. Located in Twelve Centennial Park, you'll have access to resort style amenities including a saltwater pool, gym, 24-hour concierge, club room, grill area, media room, and more! Beginning just steps away from your building are the hundreds of shops, restaurants, bars, and event spaces downtown Atlanta has to offer.Prime downtown attractions include the State Farm Arena, GA Aquarium, World of Coca-Cola, Centennial Olympic Park, Skyview Ferris Wheel, College Football Hall of Fame, and the Mercedes-Benz Stadium home to the Atlanta Falcons, Atlanta United, Superbowl LXII in 2028, and the FIFA World Cup in 2026. The nearby MARTA and highway provide quick access to all parts of metro Atlanta including the AIRPORT, Midtown, Buckhead, Truist Park, and more! This location is ideal for both convenience and luxury. You'll also enjoy 2 assigned parking spaces. Whether you're a first-time buyer, investor, or looking for a conveniently located home in the city, Unit 2713 delivers location, style, and comfort.
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.
