29243 Boston St Saint Clair Shores, MI 48081
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About this home
Welcome to this charming 3 bedroom, 1 bathroom ranch in desirable St. Clair Shores. This gem perfectly blends classic style with modern convenience and is located in the highly sought-after Lakeshore School District. Step inside to find hardwood floors flowing throughout the main level. The main floor features three comfortable bedrooms and the full main bathroom. You'll love the bright living room, which features a huge front picture window. Thanks to the overhang from the front porch roof, you get all the wonderful natural light without the heat and harsh sun, keeping your living room cool and comfortable. The home's space truly expands with a fantastic finished basement, offering a great area for a family room, gym or play space. The bonus room is perfect for a craft room, home office or an extra bedroom. Plus, you get the added convenience of a second full bathroom already installed in the basement. The enclosed porch on the back of the house is a perfect spot for enjoying your morning coffee, relaxing after a long day, or entertaining guests in any weather. Practical features include an attic fan to help keep things cool and energy-efficient during warmer months. Location is key - you'll love the proximity to shopping, restaurants, the expressway (I-94), and all conveniences that make St. Clair Shores such a great place to live.
Source: REALCOMP #20251043459
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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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