Welcome to your new sanctuary! If you've been looking for that perfect blend of modern style, space for everyone, and a community that feels like a vacation, this is the one. Nestled in the sought-after Kentwood School district but benefiting from the lower taxes of Gaines Township, this 2007-built beauty offers the best of both worlds.The Heart of the HomeStep inside and you'll immediately feel the ''wow'' factor. The main floor is designed for real life--whether that's hosting a rowdy game night or enjoying a quiet morning coffee. The kitchen is a total showstopper, featuring gorgeous porcelain tile flooring, sleek subway tile backsplash, and stainless steel appliances that stay with the home. You'll love the massive island with butcher block countertops and stylish teardrop pendant lights--it's the ultimate gathering spot. Plus, the under-cabinet lighting adds that perfect evening glow.The kitchen flows seamlessly into the living room, which feels fresh and airy with brand-new vinyl plank flooring and a crisp coat of paint. Room to Grow Head upstairs to find three generously sized bedrooms. The primary suite is a true getaway, boasting a huge walk-in closet and a private ensuite with a walk-in shower. No more lugging heavy baskets up and down the stairs--the laundry is conveniently located right on the upper level! Every room and bathroom has been freshly painted, so all you have to do is unpack. The Ultimate Flex Space The walk-out basement is a total game-changer. It's currently a massive rec room, but it's perfectly set up to be a fourth bedroom or a private "master retreat." It features two walk-in closets and a beautifully remodeled bathroom with a brand-new vanity, toilet, and a stunning walk-in shower. Slide open the glass doors to step directly into your spacious backyard. Outdoor Living & Perks Summer just got a lot better. Step out from the kitchen onto the brand-new deck--complete with new boards, railings, and steps--perfect for weekend BBQs. And the best part? The HOA isn't just a fee; it's a l
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.
