325 E Paces Ferry Rd NE Unit 602 Atlanta, GA 30305
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About this home
Located in the heart of Buckhead, this hard-to-find 2-bedroom, 2-bath condo on the 6th floor offers an exceptional living experience with city views. Hardwood floors run throughout the space, creating a warm and inviting atmosphere. As you enter the condo, you're greeted by a spacious entry hall that leads to the magnificent living room, featuring a full-length bowed window wall that fills the space with natural light. The kitchen, located to the left upon entry, boasts a perfect view of the stunning living area. With large windows framing the view of the city life below, you can enjoy the vibrant energy of Atlanta right from your home. The primary suite is a true retreat, spacious and serene with an ensuite bath complete with a double vanity, soaking tub, walk-in shower, and a beautifully upgraded California-style walk-in closet. The secondary bedroom has been transformed into a stylish lounge with a built-in wine fridge, cabinets, a bar sink, and floating shelves perfect for entertaining. It could easily be converted back into a bedroom with a closet if needed. Step outside onto the private balcony for a breath of fresh air while soaking in the city skyline. The building offers incredible amenities, including a full-time concierge in the lobby, a meeting room with games, a bar area, a full gym, a stunning pool, BBQ area, and cabanas, as well as tennis and pickleball courts on the 4th floor perfect for relaxation and recreation. This condo also comes with 2 parking spaces, one in a covered location. The location can't be beat just minutes from the Shops at Buckhead Village, world-class restaurants, shops, and boutiques.
Source: GAMLS #10510674
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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.
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