20871 Van Antwerp St Harper Woods, MI 48225
Your savings
About this home
** Property back on the market due to buyers financing falling through. C of O obtained ** Welcome to 20871 Van Antwerp Street! This property has been well kept and maintained by members of the same family since 1995. This brick ranch offers just under 1,000 sq ft of main floor living space. Original hardwood floors wrap from the living room, into the dining space, and down the hall through the 2 main floor bedrooms with great size and closet space. The main floor bathroom features a large vanity and tub/shower combination. The kitchen is ready to use upon moving in, with all necessary appliances, and ample space for food prep. The large basement is perfect for storage and gatherings, with a flex room to turn into a den or additional storage room. The laundry room and half bathroom in the basement rounds out the useful space. On the exterior you have a nice porch to enjoy your property, flower bed to plant your own flowers, and attached garage. The backyard is a great size for activities for the family or for a handful of pet family members. This family home has been enjoyed for over 30 years, and we hope it’s enjoyed for another 30 years and beyond by its new owners!
Source: REALCOMP #20251020861
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.