20400 Martin Rd Saint Clair Shores, MI 48081
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About this home
Gorgeous curb appeal welcomes you into this beautiful and spacious 4 bedroom, 2 and a half bath, all brick home with attached 2 car garage, in highly desirable St. Clair Shores. This ranch style designed home, built in 1998, boasts close to 2,000 square feet of living space on the main floor, with a huge additional space in the full basement (partially finished)! Upon entering the front door, the vaulted ceiling in the living room creates a dramatic and sweeping effect. The beautifully tiled fireplace adds a coziness and the recessed lighting adds a modern, designer touch to the space. The kitchen is a home chef’s dream with plenty of cupboards and counters for storage and food preparation. Upgraded light fixtures add to the beauty of the room and updated vinyl planking floor in the kitchen and dining area makes it easy for quick clean up. This home uniquely features 4 nicely sized bedrooms. The primary bedroom includes an ensuite with ceramic tile. Additionally, there is a full and half bath with ceramic tile. The first floor laundry is conveniently located on the main floor with both electrical and gas hookups. There is even a spot for a potential pet washing station. The partially finished basement includes additional living space, with the potential of expanding the usable space even more. There is ample room for storage as well. A huge patio with a fully fenced back yard creates a beautiful backyard oasis for you to relax and unwind or to entertain. The discreet accommodation for storage of a boat or RV is also a thoughtful addition for the active, busy adventurer. This well-maintained home has upgrades abound, including a new high efficiency furnace and central air, new Wall Side windows and a fully upgraded 200 amp electrical upgraded service to provide comfort and peace of mind. Located near shopping, award winning restaurants and entertainment, this large, well-designed home blends modern features with practical and efficient ones. This home is a gem!
Source: REALCOMP #20251050264
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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.
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