2404 3rd St Trenton, MI 48183
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About this home
Welcome to 2404 3rd Street. An updated colonial located in downtown Trenton. This home sits on the corner of a quiet tree-lined street and truly embodies the "Trenton Charm" the locals discuss and newcomers discover. Upon entry you are greeted with contemporary updates, flowing floor-plan, a blend of traditional and modern finishes, and crisp lines throughout. An abundance of windows brings in natural light from all directions creating a sense of peace and serenity. The history and nostalgia of original hardwood flooring warms each room. Excellent updated kitchen, ideal for entertaining or cooking with ample counter space and eat-in island. Door-wall off of the kitchen leads to an outdoor deck perfect for those summer evenings or fall mornings. Located just steps from Slocum Truax Park, you have access to a brand new pickle ball court, basketball court, tennis court, playground, and baseball diamond! Last but not least, this home is located downtown making it an easy walk to the Trenton Street Fair, restaurants, shopping and all that Trenton has to offer! Make your appointment today! (Professional photos will be uploaded on Sunday, November 2nd). (All information provided is deemed reliable but not guaranteed and should be independently verified. Buyer's agent is to verify all information.)
Source: REALCOMP #20251049734
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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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