145 15th St NE Apt 225f Unit 225F Atlanta, GA 30309
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About this home
Welcome to Colony House – Midtown’s Iconic Address! Discover city living at its finest in this spacious 1-bedroom, 1-bath condo located on the 2nd floor of the historic Colony House. Designed by the acclaimed Jova/Daniels/Busby firm, this architectural landmark offers a rare blend of style, comfort, and convenience in the heart of Midtown Atlanta. Step inside to find a light-filled open-concept layout with floor-to-ceiling windows and floor-to-ceiling mirrors in the living room that reflect natural light and create a sense of expanded space. The modern kitchen features crisp white cabinetry, a tile backsplash, and all appliances included, seamlessly flowing into the dining and living areas. Enjoy morning coffee or evening sunsets from your private balcony, the perfect urban retreat. The oversized bedroom boasts soaring ceilings and abundant natural light, creating a peaceful sanctuary above the city. Elegant wood floors and stylish track lighting bring a modern touch throughout. Welcome to Colony House, perfectly situated in Midtown Atlanta – the vibrant heart of the city’s cultural and recreational scene, and one of its most walkable neighborhoods. Enjoy sophisticated jazz evenings at the High Museum of Art, explore whimsical exhibits at the Atlanta Botanical Garden, savor dinner and entertainment at Colony Square, and take leisurely strolls through Atlanta’s most iconic and beloved urban greenspace, Piedmont Park. Colony House residents enjoy all-inclusive utilities (HOA covers electricity, water, gas, cable, and internet), 24-hour concierge service, and secure parking. Living here means being part of Atlanta’s architectural history while enjoying unmatched convenience and lifestyle. Don’t miss your chance to own in one of the best condo communities in all of Atlanta. Schedule your showing today and experience the Colony House lifestyle! (2.99% Assumable Mortgage Available.)
Source: FMLS #7649587
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FAQs
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.