3040 Peachtree Rd NW # 614, Atlanta, GA 30305
1 beds · 1 baths · 800 sqft
Welcome to the Ovation Condominiums, where sophistication meets convenience in one of Buckhead's most prestigious high-rise communities! This 1-bedroom, 1-bathroom condo is perfect for a first-time homebuyer, young professional, or anyone looking to experience upscale city living at an unbeatable price. Located in the heart of Buckhead, you're just steps away from Lenox Mall, Phipps Plaza, The Shops at Buckhead, Whole Foods, Trader Joe's, and Atlanta's top-rated restaurants, cafes, and nightlife. With easy access to GA-400, I-85, and MARTA, commuting is effortless. Inside, this condo offers an open-concept layout with floor-to-ceiling windows, allowing natural light to pour in while showcasing breathtaking city skyline views. The kitchen boasts granite countertops, stainless steel appliances, and ample cabinet space, while the spacious bedroom features a walk-in closet. The bathroom includes a large soaking tub, perfect for relaxation. Ovation offers five-star amenities, including 24/7 concierge and security, a resort-style pool and spa, a state-of-the-art fitness center and sauna, a private theater and movie room, and a business center with conference rooms, making it ideal for remote work. The building also features a stylish clubroom, outdoor grilling areas, and guest suites, providing exceptional convenience and comfort. Don't miss this opportunity to own a luxury condo in one of Atlanta's most desirable locations at an incredible price! This unit is priced to sell fast, so schedule your private showing today!
Source: GAMLS #10447687
Source: GAMLS #10447687
Source: Public records
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%. 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.
Other resourcesWhat 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.
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