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848 Durant Pl NE, Atlanta, GA 30308

5 beds · 5 baths · 3,874 sqft

ELIGIBLE FOR A 2.25% ASSUMABLE (TRANSFERABLE) JUMBO LOAN- A NEARLY 40% (or 4K) MONTHLY SAVINGS BASED ON TODAY'S RATES! This home was COMPLETELY GUTTED AND RENOVATED inside just a couple years ago and is located in Midtown just minutes from Piedmont Park, Ponce City Market, the Midtown Promenade, and The Beltline! This entertainer's paradise features an expanded/renovated kitchen with new quartz countertops, custom cabinetry, and premium Thor stainless steel appliances. The flex space living room offers room for entertaining with a relaxing view to your private, expansive fenced backyard with a large patio space, hot tub, sauna, and privacy net! This home also comes with the choice of two master bedroom options. The spacious master on the main offers that trendy, open layout that you see in European homes and hotels with a view to your master bathroom that offers a walk-in steam shower, bath tub, and walk-in closet. The original upstairs master offers a more traditional layout with ample closet space. The upstairs level, formerly an artist's studio, also features a newly created 5th bedroom that can be used as a guest room or in-law suite and is equipped with hookups for a washer/dryer and fridge. There is also an additional loft area and storage space in this room. Additional features include a new roof replaced in 2021, a breakfast nook off the kitchen, a former elevator space currently used for storage but that can be converted back, a partial basement also great for additional storage, an upstairs deck with a view to your backyard, a flex space off the master that can be used as a gym or sitting room, and off street parking in front of the home with an opportunity to build a carport/garage if desired. Move right in or, with so much space for the price, treat this like your artist's canvas and paint your own dream home! Nestled on a corner lot and tucked away in a serene part of Midtown, you'll be just steps away from all of the happenings Midtown and Atlanta has to offer! This home would also make a great AirBnB/long term investment property and has been used for celebrity rentals/long term rentals in the past in addition to a primary residence!

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
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Details
Home
Size
3,874 sqft
Lot size
0.183 acres
Year built
1928
Type
Single Family Residence

Source: FMLS #7382595

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?

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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?

expand content

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.

View all FAQs
Last updated: Nov 04, 2024 07:00 pm
Listing agent: Adam Morrison (912) 308-9687
Listing provided courtesy of: Atlanta Fine Homes Sotheby's International (404) 874-0300
Details provided by FMLS and may not match the public record.
MLS ID: #7382595
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. © 2025 FMLS.
Fair Housing Act logo 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 30 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.