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$225,000 $SIGNI

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57 Forsyth St NW Apt 5d # 5D, Atlanta, GA 30303

1 beds · 1 baths · 868 sqft

Welcome to your new home in the historic Healey Building, a timeless masterpiece nestled in Atlanta's Fairlie-Poplar District. This stunning 5th-floor condo offers an exceptional blend of early 20th-century architecture and modern sophistication, making it an ideal retreat for urban dwellers who appreciate both charm and convenience. From the moment you step inside, you'll be captivated by the soaring 9-foot vintage windows, flooding the space with natural light and showcasing breathtaking cityscape views. Whether you're savoring your morning coffee or unwinding after a long day, this front-row seat to Atlanta's Arts & Entertainment District never disappoints. Location is everything, and this condo places you right in the heart of it all. Step out onto the Broad Street Boardwalk, where vibrant cafes, restaurants, and entertainment hotspots bring the city to life. With the Atlanta Streetcar, Five Points, and Peachtree Center MARTA stations just moments away, Midtown, Buckhead, and even the airport are within easy reach. Whether you're commuting for work or heading out for a night on the town, seamless connectivity is at your fingertips. Beyond its stunning architecture, the Healey Building boasts an impressive array of modern amenities designed for effortless city living. Residents enjoy high-speed fiber internet, a 24-hour concierge, and top-tier security services. Hosting guests? Take advantage of the on-site guest suite. Need a productive space? The conference room is perfect for meetings. Additional conveniences include a vintage mail chute, remote keyless entry, a state-of-the-art package system, and newly updated fitness and cardio facilities-all thoughtfully designed to enhance your lifestyle. Don't miss the opportunity to own a piece of Atlanta's history while enjoying the comforts of contemporary living. Whether you're a first-time buyer, a busy professional, or an investor seeking a prime downtown property, this 5th-floor condo in the Healey Building offers the perfect blend of elegance, convenience, and city energy. Schedule your showing today and experience the best of urban living in one of Atlanta's most iconic buildings!

Estimated
Seller's interest rate
3.89%
7%
Estimated
Principal & interest
$1,063/mo.
$1,465
You may also save up to $130,332 in total interest paid.

Financials

Seller’s estimated current equity is $SIGNI
To assume this mortgage you must cover the seller’s equity by using your cash or by combining your cash with gap financing.
Estimated $1,063 monthly payment

Financed
$SIGNIN
Location
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Loan details
Remaining term
27 yrs
Loan type
FHA
Rate
3.89%
Monthly P&I
$1,063
Remaining loan balance
$SIGNIN Sign in to view

Source: Public records

Home details
Size
868 sqft
Lot size
0.02 acres
Year built
1913
Type
Condominium
HOA dues
$744.42

Source: GAMLS #10460915

Qualify

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.

Resources
Frequently asked questions

What is Roam?

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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?

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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?

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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?

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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?

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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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Last updated: Apr 07, 2025 05:48 am
Listing agent: Raphael Merilien (706) 207-2812
Listing provided courtesy of:
Details provided by GAMLS and may not match the public record.
MLS ID: #10460915
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of GAMLS. All real estate listings are marked with the GAMLS Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Copyright © 2025 GAMLS. All rights reserved.
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