878 Peachtree St NE # 431, Atlanta, GA 30309
1 beds · 1 baths · 956 sqft sqft
Welcome To Residence #431 At Peachtree Lofts- Midtown's Flagship Iconic Bauhaus Loft Building**This Appx 956 Square Foot Loft Has An Open Yet Defined Layout W/Gallery Style Entry Foyer, Dedicated Bedroom, Oversized Living Room, Bonus Flex Spaces To Create Office/Dining/2nd Bedroom***Please Note, The Current Configuration Of The Loft Is Open Floor Plan, But Can Easily Be Designed With Options For Current Configuration, Defined 1/1 Or Defined 2/1 (See Pictures #2, #37, & #38 For Open & Defined Options), & Complete With A Backdrop Of Appx 21 Feet Of Wall To Wall Windows With 180 Degree Unobstructed Coveted Midtown Views**Seller Has Transformed This Home With A Combination Of Traditional And Modern Finishes Creating A Seamless One-Of-A-Kind Living Experience**Master Spa Style Bathroom Retreat With Dual Private And Guest Entry, Dramatic Bathroom Barn Door, Limestone & Pearl Shell Tile, Resin Counters, & Hand Crafted Beetle Kill Wood Surround Cabinetry With Multiple Lighting Options**Chef-Style Kitchen Offers Smoked Glass Cabinets, Mosaic Backsplash, Chalk-Paint Pantry Door, Quartz & Butcher Block Counter For The Inner Cook In Us All**Building Was Designed Circa 1950's By Cecil Alexander & Residences Offer True Loft Aesthetics Including 12ft Plus Concrete Ceilings/Columns, Operable Factory Style Bays Of Windows, Exposed Mechanicals, & Concrete Floors**Peachtree Lofts Offers A Unique & Rare Combination Of Loft Appeal & Highrise Amenities Including 24-Hour Concierge, Fitness, Saltwater Pool, Indoor/Outdoor Lounge Areas, & Largest Enclosed Dog Park Of Any Midtown Condo Bldg**Peachtree Lofts Is Located At The Corner Of Peachtree & 7th In The Heart Of Midtown-Atlanta's Most Vibrant & Popular Live, Work, & Play Neighborhood W/Walk Score Of 93 & Offering Shops, Dining, Publix, CVS, Whole Foods, High Museum, Fox Theatre, Beltline, Piedmont Park, Marta & Colony Square Entertainment Venue All Steps From Your Home**Va, Fha, & Conventional Financing
Source: FMLS #7371472
You may be able to put down less than the total down payment amount of $101,788 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 #7371472
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: #7371472
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.