2435 Sherry St SW Wyoming, MI 49519
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About this home
This 4 Bedroom Daylight Ranch sits at the end of a culdesac in Grandville School district. It has been loved by its present owner for 24 years. Now it is your turn to enjoy. There are beautiful hardwood floors in the formal living room, and vinyl plank flooring in the main floor family room with real brick fireplace and sliders leading onto the deck that overlooks a small wooded area. There is a second fireplace in the yet to be finished area of the daylight basement. The fourth bedroom is oversized and was used as a rec room in the past. The kitchen has lots of cabinet and counter-space and all of the kitchen appliances stay. This home feels a lot larger than it appears. It truly is a must see to appreciate property! And as an added bonus, the antenna on the roof supplies the home with 60+ channels for free! Come take a look!
Source: REALCOMP #65025050844
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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.