3040 PEACHTREE RD NW # 1615, Atlanta, GA 30305
NEW PRICE! This stunning renovation offers a luxurious sanctuary at coveted Ovation, located in North Buckhead. No expense spared and no detail overlooked with designer furniture negotiable for a buyer who may desire a turn key opportunity. Exceptional unit with true custom build out, floor to ceiling windows, refined millwork, impressive hardwood flooring, exquisite brass hardware + new lighting. Every inch, every corner has been renovated! Chef's dream kitchen with JennAir appliances, a wine cooler, new custom cabinetry, timeless honed Carrera marble countertops & dazzling backsplash. This spacious marble-clad one bedroom, one bathroom unit features a separate den that easily functions as a second den/closet or office for owner versatility. The open floor plan and impressive, elongated kitchen island is an entertainer's dream! Custom designed closets and deeded garage parking space. Countless number of upscale dining and shopping venues within walking distance. Ovation Condominiums feature floor-to-ceiling windows, high-end finishes, and soaring ceilings along with luxury amenities + concierge services. Amenities include a 24/7 concierge, BBQ grilling area, state-of-the-art fitness center, saltwater pool, movie theatre, club room, pet walk and sauna. It's located in a premier location less than a block away from St. Regis, Whole Foods, Chops & Lobster Bar, One Buckhead Plaza, Buckhead Village District Shopping, Fetch Dog Park, and so much more! Quick close available!
You may be able to put down less than the total down payment amount of $183,285 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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: #7408535