1850 Cotillion Dr Unit 4217 Unit 4217 Atlanta, GA 30338
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About this home
4.37% Rate Assumable FHA with Roam! Prime Location in Madison Square at Dunwoody! Don't miss this rare corner unit-the only one in the building with no shared walls. Perfectly tucked away at the back of the community in Building #4, it offers exceptional privacy and quiet, far from the noise of I-285. Completely updated, this home features new countertops, appliances, designer lighting, soft-close cabinets, and modern vanities. All the work has been done, making it truly move-in ready. Inside, you'll find a spacious layout with a large owner's suite that includes an oversized vanity, tub/shower combo, and walk-in closet. The secondary bedroom has its own full bath with a walk-in shower and walk-in closet, making it ideal for guests, roommates, or even to double as a home office. The open kitchen blends function and style with stainless steel appliances, granite countertops, a pantry, generous cabinet space, under-cabinet lighting, and plenty of prep surface. It flows seamlessly into the bright family room filled with natural light from large windows, which open onto a private balcony or patio. A separate dining area and office nook add even more versatility, while both full baths feature walk-in closets for extra storage. This home also includes two deeded parking spaces and one storage unit, with one "premier" parking spot and storage space located right outside the front door for maximum convenience. Madison Square at Dunwoody offers resort-style living with two sparkling pools, a serene Zen garden, a striking sculpture garden, BBQ grills, a state-of-the-art fitness center, and a stylish club room for entertaining. The gated community provides security and peace of mind with key fob access, surveillance cameras, and onsite management. All of this comes with an unbeatable location, offering easy access to I-285, GA-400, Dunwoody, Brookhaven, Chamblee, Intown Atlanta, as well as nearby shopping, dining, and schools.
Source: GAMLS #10599827
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Close stress-free in 45 days, handled start to finish by Roam.
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If you find a better price on any home, we’ll match it.
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.