1822 Mayfair Dr NE Grand Rapids, MI 49503
Your savings
About this home
Northeast Charmer - 4-5 Bedroom Home with Spacious Living & Private Backyard Retreat!Discover this inviting Northeast city gem that offers far more space than meets the eye. With 4-5 bedrooms, multiple living areas, and an incredible indoor-outdoor flow, this home is perfect for comfortable everyday living and easy entertaining.Step into a bright and spacious living room where large windows and a cozy fireplace create a warm and welcoming atmosphere. The remodeled kitchen features stylish updates, ample counter space, and expansive views of the beautifully landscaped, fully fenced backyard--your private escape in the heart of the city.On the main level, you'll find two bedrooms with hardwood flooring, along with a flexible office or study that can easily serve as a fifth bedroom and remodeled full bath. Upstairs are two additional bedrooms and a convenient half bath, making this layout ideal for growing households or multi-generational living. Newer Central Air Unit as well.The true highlight? A delightful three-season sunroom that opens to a generous deck and patio areaan outdoor living space you'll fall in love with. Whether it's morning coffee, summer dinners, or quiet evenings under the stars, this backyard is designed to be enjoyed. The finished lower level offers even more room to spread out, including a large family room with a second fireplace, laundry area with half bath, a second office or flex room, and plenty of storage space. Located just minutes from downtown, parks, shopping, and top local restaurants, this home combines charm, space, and convenience in one incredible package. Come see it in personyou'll be surprised by how much it has to offer! Neighborhood & Location Highlights Michigan Oaks: A sought-after, stable neighborhood in Northeast Grand Rapids known for mature trees, friendly neighbors, and a mix of historic charm + modern updates. Excellent proximity to downtown Grand Rapids just minutes away from restaurants, arts, nightlife, and cultural amenities. Parks, green spaces, and
Source: REALCOMP #65025049842
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.