195 14th St NE Unit 703 Atlanta, GA 30309
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About this home
Welcome to Midtown living at its best! This beautifully maintained 1-bedroom condo with a BONUS second bedroom/office/flex space is located in the highly sought-after Mayfair Renaissance, ideally situated just steps from Piedmont Park, the Atlanta Botanical Gardens, the High Museum, and an abundance of shopping and dining. The open floor plan is filled with natural light and features hardwood floors, fresh paint, and a private balcony overlooking the city skyline. The updated kitchen is equipped with stainless steel appliances, stone countertops, walk-in pantry storage, and a dedicated laundry room with a washer and dryer. The living and dining area flows seamlessly for easy entertaining, while the additional flex space makes the perfect home office. The spacious bedroom offers a walk-in closet and an upgraded bathroom. Residents of the Mayfair Renaissance enjoy unmatched and newly renovated amenities, including 24-hour concierge service, a fitness center, library, conference room, theater, dog park, lush gardens, and a resort-style saline pool. A private parking space is included, and the building offers secure access for peace of mind. Whether you’re looking for a convenient city lifestyle or a quiet retreat in the heart of Midtown, this home offers the perfect balance of comfort, location, and amenities.
Source: FMLS #7646639
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Close stress-free in 45 days, handled start to finish by Roam.
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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.