2716 Lake George Rd Leonard, MI 48367
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About this home
THIS ESTATE HOME WILL AMAZE YOU!!! Beautifull quality filled 4 Large Bedrooms 4+Bath in a quiet peaceful 12+acre Country setting. As you walk into this warm inviting home you will fall in love. Large gourmet kitchen with beautiful cabinetry, hardwood flooring, and a fire lit Living room. First floor has your laundry room, living room, dining room, and an office for you to work from home. The second floor includes your 4 bedrooms and 2 baths. Primary bedroom has a gigantic walk-in closet and fireplace. As you enter the basement you will love the Theater Room with surround sound and the Rec Room with a Bar and lots of room for entertaining. Home has ALL the Extras. Central Vacuum system, security alarm, whole house generator, wood burner in the basement, and Best of All, the Large Salt Water Pool which sets under the amazing deck coming off the main floor. Cute fenced in area with Barn if you have Horses or other animals. With 3600+ sq. ft. above grade and another 2000+ in basement will be all the house you need. If you are a car enthusiast or mechanical in any way this home is for you. A 7 car attached garage plus a car lover's dream 7500 sq. ft. outbuilding with 3 storys for anything you wish to do. First floor of the outbuilding is for your work or hobby, second floor is for entertaining, and you will be amazed at second floor. Third floor is insulated and has a ton of room for storage, 13 1/2 ft doors for motor home. This home has 50 year shingles on the roof. Seller is negotiable for any items that you wish to have. MUST SEE!
Source: REALCOMP #20251047603
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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.