5300 Peachtree Rd Unit 3308 Unit 3308 Atlanta, GA 30341
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About this home
Welcome to this fully remodeled 2 bedroom, 2 bath unit located in the Heart of Historic Chamblee! Industrial style unit with 10+ foot ceilings making the expansive space light and airy. This unit gets tons of natural light with a private walk-out balcony. Loft has been fully updated with a desirable open floor plan. Upgrades include brand new kitchen with shaker cabinets, SS appliances, island, and quartz countertops, new paint and flooring throughout, beautifully tiled master bathroom, and new lighting and plumbing fixtures. Both bedrooms have walk-in closets with the master suite providing a soaking tub/shower combo plus an additional stand up tiled shower! On the other side of the condo, you'll find a spacious secondary bedroom along with the guest bathroom. Ideal for a roommate or fantastic office space. Some of the best details about this unit include the direct access to 2 deeded covered and gated parking spaces! Not to mention a gated walking area for your four-legged family members to meander. The building is gated with ample visitor parking alongside Miller Dr. Community features a beautiful pool, robust gym, clubhouse with business center, huge rooftop deck with a tennis court and grills. A short walk to Whole Foods, Starbucks and restaurants/shopping. Now just steps away from completed Chamblee Rail trail offering terrific walkability in the neighborhood. This condo is quiet and private, with all the fantastic aspects of living in the city! This complex is FHA and VA approved. Rental cap has been met.
Source: FMLS #7636494
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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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