VA loan
1 of 49
VA loan
$550,000

3445 STRATFORD RD NE APT 3703 # 3703, Atlanta, GA 30326

2 beds · 2 baths · 1,776 sqft

Buckhead's finest Hi-Rise luxury living, THE PARAMOUNT, brings you a new listing with AMAZING VIEWS! This highly sought-after 29th floor 2 bedroom / 2 bathroom unit has one of the largest floor plans and an oversized balcony for breathtaking views of the sunset and the vibrant Buckhead city at night. Featuring hardwood floors, 10 ft ceilings and plentiful storage options with large closets. This unit has been FRESHLY PAINTED and offers the perfect blend of luxury and comfort. A brightly-lit kitchen with a sweeping city view offers generous prep space, granite countertops and stainless steel appliances. With an inviting open design to the living room, spending time in the kitchen, or entertaining family and friends is a pleasure! The dining room offers privacy with a view, accommodates as many as 12 guests and has sliders onto the balcony that give easy access to a wonderful cityscape and many sunsets. The spacious master suite boasts a large walk-in closet with a master bath equipped with double vanities. The patio doors accessing the balcony and cityscape view, make the well-sized second bedroom perfect as an office or guest room. It is roomy with ample closet space and has an adjacent guest bathroom across the hallway. This property also includes 2 of the BEST parking spots in the building, only steps away from the parking entrance on B1. It also includes a wine locker and large storage room to store your seasonal items! The Paramount at Buckhead is renowned for its exceptional amenities which include a 24/7 concierge, fitness center, business center, indoor lounge with full kitchen and dining room, 24/7 coffee bar, wine lockers, indoor and outdoor theaters, pool-side towel service, comfy cabanas, tennis court, grilling area, fire pit and more! The Paramount is perfectly situated, highly walkable with easy access to the bustling Buckhead neighborhood and Peachtree Road. You’ll be steps away from fine dining as well as casual restaurants, two prominent malls, boutique shopping and alternative commuter routes with the MARTA just steps and more. A prime location, The Paramount allows direct access to the 400 via the Lenox Connector avoiding multiple traffic lights. Welcome to your new home in Buckhead!

Interest rate 3
5.25%
With Roam
6.5%
The seller’s mortgage rate at the time the loan was originated.
Monthly payment 3
$3,786
With Roam
$3,562
Reduce your monthly payments by -$223 when you assume this mortgage.
You also save -$74,946 in total interest paid.

$0
Edit

You may be able to put down less than the total down payment amount of $0 and have the rest of the funds financed with a 2nd mortgage from a lender. 4

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.

45-day closing guarantee 2
We work directly with the mortgage servicer to help you quickly and easily close the transaction.

VA loan
Eligible for investors
Not a veteran? You may still be qualified to assume the mortgage.

Location

Details

Home
Size
1,776 sqft
Lot size
0.0387 acres
Year built
2006
Type
Condominium
Loan
Remaining term
27 years, 11 months
Rate
5.25%
Monthly P&I
$3,786
Remaining loan balance
$664,900

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.

View all FAQs
Last updated: Sep 18, 2024 12:00 pm
Listing agent: Pina Vetrano (678) 469-6775
Listing provided courtesy of: Call It Closed International Realty (407) 338-3339
Details provided by FMLS and may not match the public record.
MLS ID: #7371907
Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work, please visit https://www.fmls.com/dmca.htm to review our DMCA policy and learn how to submit a takedown request. © 2024 FMLS.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.
Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 45 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.
$3,786/mo
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