25845 Martinsville Rd New Boston, MI 48164
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About this home
Offer On The Table. New Offers Must Be Submitted by 10PM Nov 3rd. Answer on the 4th. This could be the one! Located in Sumpter Twp, which has the lowest tax base in Wayne county. Situated on a remarkable, 5 acre, wooded lot with a pole barn, shed and chicken coup! Inside you will find 3 ample sized bedrooms, 2 1/2 baths, 10 foot ceilings, a huge great room with a gas fireplace and a lovely kitchen. The kitchen has ample cupboard space, granite counters, a tile backsplash and a walk in pantry. Between the kitchen and sitting area is a pleasing dining area with a bay doorwall that leads to a newer, 15 x 16 composite deck that overlooks the wooded yard. The primary ensuite has a tray ceiling, alluring bath with a jetted tub, large walk in shower, private toilet room and a walk in closet. No need to disturb whoever is still sleeping while you get ready! The 2nd bedroom also has a tray ceiling and walk in closet. There is a first floor laundry room conveniently located between the garage and kitchen. Downstairs is an additional 1721 sq feet of space waiting to be finished to your liking. It has an egress window. Outside you will find a wonderful 24 x 40 pole barn with an 8 X 40 covered patio. There is a path that winds through the woods. There is also a small fenced area to the side of the home, perfect for pets or a play area for small kids. The sellers are providing the C of O. No offers, if any, accepted prior to Nov 3rd. Cameras on the premises.
Source: REALCOMP #20251049661
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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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