2760 Veltre Ter SW, Atlanta, GA 30311
6 beds · 8 baths · 7,858 sqft
A Rare Diamond of Indoor and Outdoor Extravagance! Step into a world of unparalleled luxury with this breathtaking home, boasting 6 bedrooms and 7 ½ baths. The main level is a true masterpiece, anchored by a spacious Primary Suite that serves as a private oasis. This suite features a custom walk-in closet, and a lavish en-suite bathroom complete with a double vanity, soaking tub, and separate shower, offering the ultimate in relaxation. Two additional bedrooms on this level are designed with a perfect blend of comfort and elegance. At the heart of the home, the Chef's kitchen is a culinary dream, seamlessly flowing into the grand living, dining, and great rooms, a true paradise for entertaining. A cozy breakfast room and an integrated audio system throughout the home elevate the ambiance to a new level of sophistication. The second floor continues the luxury, with two more bedroom/bath combinations and an open loft that invites creativity and relaxation. Prepare to be amazed as you descend into the extraordinarily oversized finished basement. This space redefines luxury, boasting 3 open rooms, another bedroom, 2 full baths, a kitchenette, a theater, a workout room, a wine cellar, and a luxurious spa complete with a steam shower and sauna - your private retreat. The outdoor living spaces are equally captivating, with upper and lower-level patios that feature a state-of-the-art outdoor kitchen and a hot tub, perfect for both lavish gatherings and serene relaxation. Located in the historic Cascade neighborhood, this home offers a lifestyle of convenience and charm. Stroll to the beloved Cascade Springs Nature Preserve or enjoy the benefits of the transformative Cascade Complete Streets Revitalization Project, enhancing both pedestrian and driving experiences along Cascade Road. Just a 10-minute drive brings you to the vibrant Southside Beltline Trails, local restaurants, and bustling marketplaces. Plus, with Atlanta Hartsfield-Jackson International Airport only 15 minutes away, your global adventures are just a short ride from your doorstep. This exceptional property is more than a home; it's a statement of luxury living in the heart of Atlanta.
Source: FMLS #7508622
Source: FMLS #7508622
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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 “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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.