3481 Lakeside Dr NE Unit 2204 Atlanta, GA 30326
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About this home
What If You Could Live in Buckhead Luxury... and Pay Less Than Rent? Right now, most buyers are paying thousands a month just in interest. But not you. This stunning Buckhead condo offers something almost no one else can: the ability to take over the seller's mortgage! A 3.25% interest rate, monthly payments of just $ 1,650*, no origination fees, and no headaches. Since most people are unaware of this secret way to buy a home, we have enlisted a loan expert from Assumptions Solutions to help you through it. Most buyers today are stuck with rates of around 6.5 to 7%, meaning you could save over $100,000 in interest over time. That's like buying this home at a discount, without giving up a thing. And the condo? It's everything you want. Step into sunlight and skyline views - large windows bathe your space in natural light and energy. The open layout flows seamlessly from the kitchen to the dining area to the living area. The bedroom is a peaceful retreat with direct access to a private balcony overlooking the city, offering a stunning view of the sunset. It's move-in ready, with updated finishes, stainless steel appliances, and a modern bathroom. Plus, you'll have your garage parking spot, a private storage unit, and an in-unit laundry hookup. This is high-rise living at its best - but with a monthly payment that feels like a steal. At The Grandview, you'll enjoy: 24/7 concierge service, gated parking, pool, hot tub, sauna, two fitness centers, an outdoor grilling area with three grills, a business center, library, theater room, and club room, EV charging stations, and guest parking. Water, sewer, and trash are included in the HOA. Outside your door: Marie Sims Park (perfect for pets or picnics), Target, SAVI Provisions gourmet market and wine bar, Phipps Plaza, Lenox Mall, and Nobu Hotel blocks away, and easy access to MARTA, GA- 400, and I-85. Here's the truth: Homes like this rarely come with a golden financial opportunity like this one. Rates this low don't exist anymore - unless you're lucky enough to find a seller like this. The savings are real. The lifestyle is unmatched. The timing is now. Let's set up a tour and show you how to take the next step, with guidance from our loan specialist who can walk you through every detail. *Monthly payment does not include condo or HOA fees. Loan information: Current Interest rate: 3.250% FHA; Current Principal Balance: 217,668; Origination date: 12/27/2021; Loan maturity date: 1/1/2052; Original Term: 360 months; Remaining Term: 327 months; Prepayment Penalty: No
Source: GAMLS #10551233
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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.