1850 S Quanicassee Rd Reese, MI 48757
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About this home
Your Private Country Oasis Awaits! Welcome to 1850 S. Quanicassee Rd in Reese, MI - a charming countryside retreat offering space, comfort, and year-round enjoyment! Set on a generous lot surrounded by open skies and peaceful surroundings, this move-in-ready home combines the best of quiet rural living with entertainment-ready features you'll love. Step inside and be welcomed by a spacious living room featuring a custom built-in entertainment center - perfect for cozy movie nights or gathering with family and friends. Head down to the basement where a built-in bar creates the ultimate hangout zone, ideal for game days, celebrations, or relaxing at the end of a long week. But the fun doesn't stop inside - step outdoors and discover your personal getaway with an above-ground pool and plenty of space to unwind or host unforgettable summer get-togethers. Property Highlights: Peaceful rural setting with easy access to Reese, Frankenmuth, and surrounding areas Custom built-in entertainment center in the living room Basement with built-in bar - ideal for entertaining Above-ground pool for enjoyment Roomy layout with great potential to personalize and make it your own Attached garage and large yard - perfect for hobbies, gatherings, or even a future garden Whether you're a growing family, weekend entertainer, or someone simply looking to enjoy the peaceful pace of country life, 1850 S. Quanicassee Rd has it all. Don't miss your chance to own this one-of-a-kind property - schedule your private showing today!
Source: REALCOMP #60050182976
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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.