22565 Sheridan Rd Novi, MI 48375
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About this home
Updated colonial in the desirable Village Oaks Subdivision of Novi! This home has been thoughtfully refreshed and lovingly maintained, offering a bright and welcoming atmosphere from the moment you step inside. With 4 bedrooms, 2 full baths, 2 half baths, and a partially finished basement, there is room to live comfortably, entertain, and grow. Main floor features a naturally lit layout that flows easily from space to space. Gather in the living room for cozy movie nights, host dinner in the dining room, or enjoy casual mornings in the kitchen overlooking the backyard. The kitchen has been updated with new countertops, new appliances (all included), and refinished hardwood flooring. Upstairs, all bedrooms have been renovated with fresh paint, updated lighting, and new luxury vinyl plank flooring, creating restful private spaces to unwind. Partially finished basement adds additional living space — ideal for a playroom, home gym, media area, or storage. Step outside to enjoy a backyard designed for making memories — complete with a new deck, brick paver patio, and fire pit space that sets the stage for summer BBQs, fall evenings under the stars, and weekend gatherings with friends. Major updates for peace of mind include: roof (2018), windows (2002), and ceiling fans (7–8 yrs old) as well as new lighting fixtures and fresh paint throughout. Village Oaks residents enjoy access to the community pool, clubhouse, and lake - resort-style amenities right in your neighborhood. Located in the award-winning Novi School District and just minutes to shopping, dining, and major expressways, the location truly can’t be beat. This is a home where everyday living feels easy, comfortable, and connected. Schedule your private showing today and come see all that Village Oaks has to offer.
Source: REALCOMP #20251051331
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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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