3820 ROSWELL RD NE # 616, Atlanta, GA 30342
Incredible price and opportunity to own a very spacious 2 bedroom / 2 bathroom loft-style condominium at The View at Chastain in the coveted neighborhood of Chastain Park. This flexible, open floor plan boasts a pleasing balance of modern and traditional elements and has been recently updated with all new: HVAC, Rheem hot water heater, Cafe Refrigerator, GE washer/dryer, light fixtures, Kohler faucets, cabinet handles, door handles, renovated bathrooms with designer tile, frameless glass showers, new carpet in bedrooms and has been freshly painted. Enormous windows in all rooms allow for tons of natural sunlight, 12' ceilings and hardwood flooring throughout main living areas. The gourmet kitchen delights with plenty of counter top space, an oversized breakfast bar with seating area, gas cooking, Siematic cabinetry, Silestone counters, subway tiled back splash and nice size pantry. The kitchen flows seamlessly into the inviting living room / dining area and opens to the entertainers size balcony. Relax and unwind in the spacious primary suite with its own private entry to the balcony as well, walk-in closet and en-suite bathroom featuring a double vanity, oversized soaking tub, separate shower and linen closet. The 2nd bedroom offers generous closet space and bathroom directly across hall with a large shower. Two premium deeded parking spaces in a gated garage and close to the elevator are included. The View at Chastain is a full service building with 24-hour concierge and desirable amenities including the pool with cabanas, covered gas grilling area with kitchen prep station, top notch fitness center with saunas, resident clubroom and dog walk area. ***HOA includes all listed amenities along with gas, water and trash (each floor has a trash chute). The View at Chastain is conveniently located to top restaurants, tons of shopping and 3/4 mile to Chastain Park, with playgrounds, amphitheater, walking paths and 18-hole golf course.
You may be able to put down less than the total down payment amount of $203,870 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: #7450557
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.