69 Myers Ave Trion, GA 30753
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About this home
Picture yourself in this lovely 1880's residence, nestled in the heart of Trion ZONED for TRION CITY SCHOOLS, just steps away from a thriving hub of amenities, including a walking track, playground, pavilion, disc golf, splash pad and more. This 3 bedroom, 2 bath gem boasts very spacious rooms, high ceilings, and a formal dining room, perfectly complemented by a beautifully remodeled kitchen featuring soft close cabinetry, granite counters, and modern appliances. The property's captivating 1880's-era large front porch is very relaxing to sit and enjoy a cup of coffee or a glass of southern, sweet tea. The living room boasts an open dining area, breakfast bar and wood-burning fireplace. The exterior of home offers vinyl siding with newer vinyl windows throughout except in two windows located on back of home, back covered porch, two vehicle carport detached, shared driveway and one single car detached garage, also shared. As a bonus, there is a cellar accessible from the exterior of home. The option to purchase an adjacent lot presents boundless potential for growth and transformation. While the owner has undertaken some upgrades, other repairs remain needed, providing a unique chance to leave your mark on this extraordinary property in the city limits of Trion. The seller is offering this home in its current state AS IS, ready for its new owner to unlock its full potential.
Source: GAMLS #10627323
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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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