5229 TYE TRL, Fairburn, GA 30213
Discover the perfect blend of luxury and comfort at 5229 Tye Trail, Fairburn, GA. This exquisite home offers 5 spacious bedrooms and 3 full baths, ideal for a growing family or those who love to entertain. As you step inside, you'll be greeted by stunning hardwood floors that flow seamlessly throughout the main level. The open floor plan, complemented by coffered ceilings, enhances the spacious feel and flow of the home. A private office, pre-wired with CAT 6 in all rooms, makes working from home convenient and efficient. The formal dining room comfortably accommodates up to 12 guests, making it perfect for dinner parties and holiday gatherings. The formal living room provides additional space for relaxation or entertaining. The spacious eat-in kitchen is a chef's dream, featuring an island, walk-in pantry, ample cabinet space, granite countertops, and stainless steel appliances. The large family room, complete with a cozy fireplace and abundant natural light, creates a bright and inviting atmosphere for gatherings. The main floor suite offers privacy with a full bathroom, perfect for guests or extended family. The oversized owner's suite is a true retreat, featuring a seating area, two walk-in closets, a soaking tub, tiled separate shower, and double sinks. Spacious secondary rooms on the upper level provide ample space and walk-in closets. Fresh paint throughout the home enhances its appeal and freshness. A new roof installed in June 2023 adds to the home's value and longevity. The private backyard is great for outdoor activities and entertaining. Located just minutes from I-85 and Hartsfield-Jackson International Airport, this home offers convenience and accessibility. Community amenities include an active HOA and a swimming pool, enhancing the community living experience. Don’t miss out on the opportunity to own this meticulously maintained home in Fairburn. Schedule your tour today!
You may be able to put down less than the total down payment amount of $164,151 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #7428258