878 Peachtree St NE # 431, Atlanta, GA 30309
1 beds · 1 baths · 956 sqft
Welcome To Residence #431 At Peachtree Lofts- Midtown's Flagship Iconic Bauhaus Loft Building** This Appx 956 Square Foot Loft Has An Open Yet Defined Layout W/Gallery Style Entry Foyer, Dedicated Bedroom, Oversized Living Room, Bonus Flex Spaces To Create Office/Dining/2nd Bedroom***Please Note, The Current Configuration Of The Loft Is Open Floor Plan, But Can Easily Be Designed With Options For Current Configuration, Defined 1/1 Or Defined 2/1 (See Pictures #2, #37, & #38 For Open & Defined Options), & Complete With A Backdrop Of Appx 21 Feet Of Wall To Wall Windows With 180 Degree Unobstructed Coveted Midtown Views**Seller Has Transformed This Home With A Combination Of Traditional And Modern Finishes Creating A Seamless One-Of-A-Kind Living Experience**Master Spa Style Bathroom Retreat With Dual Private And Guest Entry, Dramatic Bathroom Barn Door, Limestone & Pearl Shell Tile, Resin Counters, & Hand Crafted Beetle Kill Wood Surround Cabinetry With Multiple Lighting Options**Chef-Style Kitchen Offers Smoked Glass Cabinets, Mosaic Backsplash, Chalk-Paint Pantry Door, Quartz & Butcher Block Counter For The Inner Cook In Us All**Building Was Designed Circa 1950's By Cecil Alexander & Residences Offer True Loft Aesthetics Including 12ft Plus Concrete Ceilings/Columns, Operable Factory Style Bays Of Windows, Exposed Mechanicals, & Concrete Floors**Peachtree Lofts Offers A Unique & Rare Combination Of Loft Appeal & Highrise Amenities Including 24-Hour Concierge, Fitness, Saltwater Pool, Indoor/Outdoor Lounge Areas, & Largest Enclosed Dog Park Of Any Midtown Condo Bldg**Peachtree Lofts Is Located At The Corner Of Peachtree & 7th In The Heart Of Midtown-Atlanta's Most Vibrant & Popular Live, Work, & Play Neighborhood W/Walk Score Of 93 & Offering Shops, Dining, Publix, CVS, Whole Foods, High Museum, Fox Theatre, Beltline, Piedmont Park, Marta & Colony Square Entertainment Venue All Steps From Your Home**Va, Fha, & Conventional Financing
Source: GAMLS #10284087
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10284087
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
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.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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.
How can you find assumable mortgage listings?
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?
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.
MLS ID: #10284087
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.