Welcome to 8131 Marian Street—a beautifully updated and freshly painted 3-bedroom brick ranch in the heart of Warren, just minutes from the GM Tech Center. This move-in-ready home combines classic charm with modern updates, offering a bright, inviting interior and a functional floor plan designed for comfortable everyday living. Step inside to find hardwood flooring throughout much of the main level, a spacious living room filled with natural light, and an updated kitchen that flows seamlessly into the dining area. Three generously sized bedrooms provide flexibility for family living, guests, or a dedicated home office. The updated full bathroom features stylish tile work and contemporary finishes. The full basement expands your living possibilities with a convenient half bath, laundry area, abundant storage space, and room for a dedicated home gym, recreation room, workshop, or future finished living space. The basement has been professionally waterproofed and includes a lifetime transferable warranty, providing added confidence and long-term value for the next owner. Whether you're working out, entertaining, or simply looking for extra room to grow, this lower level offers exceptional flexibility. Outside, enjoy a fully fenced backyard perfect for entertaining, pets, or relaxing evenings, along with a detached one-car garage and welcoming covered front porch. Major improvements completed within the last 10 years include the roof, furnace, central air, plumbing, electrical, kitchen, bathroom, and flooring, offering peace of mind for years to come. All appliances are included, making this an easy transition for the next owner. Conveniently located near shopping, dining, parks, schools, and major commuter routes, this well-maintained home is an excellent opportunity for first-time buyers, down-sizers, or anyone looking for a turnkey property. Schedule your private showing today and discover everything this charming ranch has to offer!
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.
