12253 Marla Dr Warren, MI 48093
Your savings
About this home
Spacious brick ranch is mechanically sound and offer lots of room to roam! Modern, open concept floor plan features a large step down family room w/natural brick front fireplace & door wall to the patio & backyard! Generous eat in kitchen w/maple cabs, tiled counter tops & laminate flooring! Large living rm w/panoramic front window & formal front entry! Updated main bath off the hallway to service the 3 bedrooms! 1/2 bath off the family room for your company! Awesome finished basement is wide open and offers a huge 3rd living area that's perfect for entertaining large groups, a play area for the kids, etc! It also boasts the spacious 2nd full bathroom! Mechanically updated with vinyl windows, a new 3 dimensional roof & gutters in 2020, new central air and updated breaker panel in 2021! Fenced year yard w/patio, 2.5 car brick front garage w/opener & more! Subject to lender approval of short sale. Process has been started and should not delay closing! Show today!
Source: REALCOMP #20251007378
Loan details
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
If you find a better price on any home, we’ll match it.
FAQs
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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.