28552 Halecreek St Romulus, MI 48174
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About this home
Traveling down Halecreek, you are quickly overtaken by the deep green grass that lays out before you. As you pull up to the home, you begin to dream of the new driveway that will be provided by the sellers mere days from now. A step from your car allows you to marvel at the fresh boards of the new front deck. This may be the perfect place to sit and relax next summer. Opening the front door, natural light illuminates brand new wood floors as they guide you throughout this completely renovated home. The living room is built for entertaining on Lion's game day. An entire crowd can sit and cheer while snacks await in the open window concept . A few steps into the kitchen and you fall in love with the expanse of cupboards. There are so many that they'll keep all of your culinary secrets safe. The numerous countertops provide plenty of work space for the top chef inside you. Step down the hallway and you realize that you'll never air your dirty laundry. It is safely tucked away in the new laundry suite. Further, the abundant hall closets make storing all thats dear to you quite literally near to you. Walking into the primary bedroom, you realize that it has all the space you'll ever need for sanctuary from the hustle and bustle of life. Open the closet and you know that it's time to increase your wardrobe. Two other full-sized bedrooms bring all the possibilities to mind: an office, a yoga room, you name it! The fully-updated bathroom is the perfect place for a spa day...or weekend. As the fall weather continues to roll in, you feel completely confident because of the new hot water tank and newer furnace to bring the heat. As you step back into the yard, you realize what country in the city truly means. This yard can hold an autumn bonfire or next year's bbq. It truly is country living in the city. As the garage door opens, you are in awe of the oversized space that would make any mechanic blush. Schedule your appointment today!
Source: REALCOMP #20251047364
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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.