24910 Hickory St Dearborn, MI 48124
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About this home
$2000 credit for buyer for Air Conditioning and prepaids. Welcome home to a quiet street, low property taxes, and very close to the best public park in Dearborn! Step inside to see a very clean and well taken care of home. The first floor has beautiful, classic hardwood flooring. The Primary bedroom is very spacious, and has 2 closets for plenty of storage. The basement has a half bath, and entire basement is VERY EASILY REFINISHABLE. All utilities are to one side of the basement, leaving the rest of the basement an easy future renovation. Your future home is seconds from Crowley Park, one of the few parks with splashpad, picnic areas and pickleball. Your future home is a few minutes away from local schools, shopping and highways, providing quality residential living with close proximity to city conveniences. City of Dearborn Certificate of Occupancy COMPLETED, furnace has already TESTED GOOD, with verification provided in the listing documents. Listing Broker has no knowledge or information pertaining to details or condition. PLEASE LEAVE LIGHTS ON AND REMOVE SHOES.
Source: REALCOMP #20251045267
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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.