Welcome to 1480 Poulson Road, a beautifully updated ranch home in the desirable Reeths-Puffer School District, offering an ideal blend of comfort, style, and everyday convenience. This thoughtfully maintained home features four bedrooms and two full bathrooms with 1,680 square feet of living space on a generous 0.37-acre lot.As you step inside, you'll appreciate the open, light-filled layout that flows effortlessly from the living area into the heart of the home. The kitchen is a standout space, equipped with newer appliances, a custom built-in island, ample pantry storage, and modern lighting that enhances both function and aesthetic appeal.The main floor master suite is spacious and comfortable, complete with a walk-in closet that adds both convenience and storage. Recent updates throughout, updated lighting and electrical work, a tankless water heater, newer HVAC components, and more, so you can move right in and enjoy the upgrades.This home is perfectly positioned near a variety of locally owned restaurants that give the area its welcoming, small town charm, along with neighborhood ice cream shops just a short bike ride away. Everyday errands are simple with Meijer conveniently nearby, making quick grocery runs on the way home easy and efficient. Outdoor lovers will appreciate being close to Muskegon State Park, where you can take in some of Michigan's most beautiful scenery, explore wooded hiking trails, and spend relaxing days on the beach. The home also offers easy highway access, and a short drive in the other direction brings you to Downtown Muskegon for community events, local gatherings, and vibrant nightlife. It is a location that truly offers a balanced lifestyle filled with nature, convenience, and connection. The setting supports a strong sense of community while still giving you room to breathe, making it easy to enjoy both peaceful surroundings and the energy of local activities. Nearby attractions and recreation include Muskegon State Park, Lewis Adventure Farm & Zoo, the Muskegon Farmers Mar
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.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
