2855 Peachtree Rd NE Unit 106 Unit 106 Atlanta, GA 30305
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About this home
NEW PRICE! STOP PAYING HIGH INTEREST! Unlock Unparalleled Financial Leverage in the heart of Buckhead. This historic 1928 Alhambra residence is offered as a genuine Value-Add Opportunity, priced for immediate occupancy. Secure a highly desirable, low-interest Assumable Mortgage that dramatically lowers your total monthly housing payment, offering an edge no other active listing can match. This 1,160-square-foot, two-story unit is a blank canvas awaiting your creative transformation. This is a rare opportunity for a motivated investor or owner-occupier to purchase a two-bedroom townhome-style unit in a prime Garden Hills location. HIGHLIGHTS: UNIQUE FINANCIAL ADVANTAGE: Assumable Mortgage provides a massive, quantifiable saving on interest over the life of the loan. Please call your lender right away for eligibility details. PRIME BUCKHEAD LOCATION: Unmatched walkability to The Peach Shopping Plaza, Buckhead Village, fine dining, and retail. LOW-RISK CARRYING COSTS: The $498/month HOA fee covers Insurance, Water, Sewer, Trash, and mandatory contribution to the Reserve Fund. This comprehensive coverage manages the risk associated with a historic structure. AS-IS SALE: Property is sold strictly As-Is. Don't miss this opportunity to leverage an assumable loan at this price point.
Source: FMLS #7587474
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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.