2870 Pharr Court South NW Apt 1705 # 1705, Atlanta, GA 30305
2 beds · 2 baths · 1,260 sqft
Seller's loan is ASSUMABLE with a 2.875% interest rate! Experience life at The Concorde, centrally located in Buckhead and renowned for its unique architectural design. This distinguished high-rise residence provides an unmatched living experience, complete with a variety of amenities and services. Step into this well-appointed two-bedroom, two-bathroom residence featuring expansive and modernized interiors, adorned with polished hardwood floors. Enjoy awe-inspiring views through floor-to-ceiling windows that flood the space with abundant natural light. The layout of this 17th floor condo showcases a unique renovation that seamlessly blends the kitchen with the living area. The kitchen boasts a bright and spacious design, equipped with stainless steel appliances, modern finishes, an eye-catching backsplash, pantry, and the convenience of an in-unit washer and dryer. Both expansive bedrooms could feature as a primary suite, adorned with floor-to-ceiling windows and walk-in closets. The pristine bathrooms are totally up-to-date with designer finishes. South-facing views of Buckhead, Midtown and Downtown with breathtaking sunrises to the East, and sunsets to the West. Schedule your showings at sunset-a spectacle that promises to leave you in awe. The Concorde offers a plethora of resort-style amenities, ranging from a cutting-edge fitness center and tennis court to a refreshing swimming pool and personalized concierge services. The grounds also include a dog park, a gated private parking garage, and meticulously landscaped outdoor spaces. Security at The Concorde is second-to-none with multiple layers of gated access points. Immerse yourself in the chic and bustling atmosphere of Buckhead Village, where luxury boutiques, trendy eateries, and lively bars coalesce to create a premier destination. This district is a beacon for both locals and visitors seeking a sophisticated urban experience in the heart of Atlanta. Please note that several photos in this listing are virtually staged.
Source: GAMLS #10243045
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10243045
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: #10243045
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