170 Boulevard SE # 131H, Atlanta, GA 30312
3 beds · 2 baths · 1,636 sqft sqft
5.9% assumable mortgage or lease is available on one of the most sought-after floor plans in the Stacks community. This expansive 3-bedroom, 2-bathroom loft is the only unit of its kind on the property, perfectly situated in a historic cotton mill building. It seamlessly blends timeless architectural details with modern upgrades for an exceptional living experience. Enjoy the luxury of three spacious bedrooms, with the third bedroom adaptable as an office, private workout area, or guest room. Located on the bottom floor in a private hallway shared with only one other unit, the loft ensures a peaceful and secluded environment without the need for stairs or elevators. This loft features brand new stainless steel appliances, including a washer, dryer, fridge, and dishwasher. It has been newly renovated with custom floors, modern bathrooms, a sleek kitchen, and a spacious laundry room with ample storage. Custom window treatments accommodate the impressive 18-foot ceilings, with automatic curtains in the living room, and the loft is adorned with immaculate and unique light fixtures. Residents benefit from a range of building amenities including two parking permits, an Olympic-size pool, a state-of-the-art gym, bike storage, a grill and courtyard area, and a rooftop with breathtaking city views. Valet trash service is also available. Nestled in the vibrant Grant Park area only 2miles from downtown. YouCOre just steps away from Grant Park itself in the heart of Cabbagetown, which features scenic walking trails, the historic Oakland Cemetery, and the popular Grant Park Farmers Market, Krog Street tunnel, Inman Park and Reynoldstown. Explore nearby attractions like Zoo Atlanta, the Atlanta BeltLine, MLK center and a variety of eclectic dining and shopping options. Enjoy the communityCOs local events and cultural offerings that make this location truly special. We understand that securing bank approval or waiting for favorable interest rates can be a factor. With a substantial down payment, we are open to offering flexible lease-purchase or seller financing options, allowing you to enjoy this extraordinary space now while preparing for future homeownership.
Source: GAMLS #10378524
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10378524
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.
How can you find assumable mortgage listings?
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?
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.
MLS ID: #10378524
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.