26225 Middlebelt Rd Farmington Hills, MI 48334
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About this home
Remarks: Welcome home to this BEAUTIFULLY remodeled split level located here in Farmington Hills! This stunning home offers 5 spacious bedrooms, 2.1 baths, and just over 2100 sqft! As you pull into the drive, you will notice all the small details put into this home; from the landscaping, new out door lighting, and even the new windows. Walking inside you are greeted with stunning hardwood floors through-out the home, tons of natural light and the newly remodeled kitchen. The kitchen has brand new granite counters, new stainless steal appliances and plenty of cabinet space for your storage needs. Continuing on to the lower level is your family room, again, with hardwood floors, plenty of natural lighting and access to the new walk out patio, great for gatherings and entertaining your guest. Great school district close to Mercy High School and Farmington Hills East Middle School. You will not want to miss out on this stunning home. Per seller, showings will begin September 15.
Source: REALCOMP #20251024979
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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.