37912 Pointe Rosa – Entertainer’s Dream on the Water! Welcome home to this absolutely beautiful, move-in ready 3 bedroom, 2 bath canal-front ranch offering 1,566 sq. ft. of stylish waterfront living just minutes from Lake St. Clair! Perfectly situated on a deep, wide 60-foot canal with 80 feet of canal frontage and less than a 5-minute boat ride to the lake, this property is a true boater’s paradise. From the moment you arrive, pride of ownership is evident throughout this extremely well-maintained home. Step inside to discover fresh paint, gorgeous new hardwood flooring, solid 6-panel doors, vinyl replacement windows with plantation shutters, and a warm, inviting layout designed for both everyday comfort and entertaining. The spacious living room flows effortlessly into the formal dining area, creating the perfect setting for gatherings with family and friends. The completely remodeled kitchen is a showstopper featuring custom cabinetry, stainless steel Bosch appliances, a 5-burner gas cook top, and beautiful finishes throughout. The primary suite offers a walk-in closet and private bath with double sinks, while the main bathroom features heated floors, adding a touch of everyday luxury and comfort. Two additional bedrooms provide flexibility for guests, office space, or family living. One of the standout features of this home is the incredible waterfront outdoor living space. The newly installed brick paver patio creates the ultimate entertainer’s dream with multiple seating areas, a custom pergola, fire features, and plenty of room to host unforgettable summer nights by the water. Relax in the wonderful 3-season Florida room overlooking the canal or step outside to enjoy direct boating access to Lake St. Clair in just minutes. Whether you’re searching for the perfect full-time residence or a waterfront getaway, 37912 Pointe Rosa delivers the complete lakefront lifestyle with comfort, style, and exceptional entertaining space both inside and out.
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.
