5300 Peachtree Rd # 0503, Atlanta, GA 30341
1 beds · 1 baths · 713 sqft
Get a free consultation call with an expert in the mortgage assumption process.
A Rare Opportunity in the Heart of Historic Chamblee! Don't miss this stunning industrial-style loft, perfectly situated in one of the most sought-after locations surrounded by exciting new developments and endless conveniences. Whether you're looking for a stylish new home or a smart investment, this light-filled first floor 1-bedroom, 1-bathroom loft is the perfect find! Inside, you will find soaring 10' ceilings, sleek hardwood floors, and an open layout designed to impress. The spacious walk-in closet, separate soaking tub & shower, and serene sun-filled courtyard views create the ultimate retreat. Recent updates include fresh paint, new carpet, updated appliances, a Nest thermostat, rainfall shower, modern lighting fixtures, and more. One of the best perks? This loft comes with a large private storage unit and a designated parking spot on the same level for effortless convenience. Enjoy keyless entry, a gourmet kitchen with a large island, and granite countertops all designed for easy living. This exceptional building offers top-tier amenities, including a pool, 24/7 gym, club room with a pool table, a furnished rooftop, and a brand-new rooftop tennis court. Plus, it's a commuter's dream-just moments from the new trail and MARTA station, making city access a breeze. Live within easy reach of charming cafes, restaurants, and shops in Historic Chamblee. Whether you're grabbing coffee, ice cream, or a quick bite, everything is just outside your door. A prime location, an incredible home, and an unbeatable opportunity. This loft has it all! ASSUMABLE LOAN AT 2.75% Interest Rate - Reach out for more information!
Source: FMLS #7544651
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: FMLS #7544651
To qualify, you must meet the current FHA or VA 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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.
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 “Save search” 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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.