320 Marble St Cadillac, MI 49601
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About this home
Charming 4-Bedroom Home on 1 Acre - A Rare Find in Town! Back on the Market, no fault of the home! Welcome to your dream retreat! This beautifully updated 4-bedroom, 3-bath home is a rare gem nestled on a serene 1-acre lot, offering the perfect blend of privacy and in-town convenience. Step outside to discover a picturesque pond water feature, a lush garden area, creating a tranquil oasis that feels like a getaway, all while being just minutes from local amenities. Inside, youll be greeted by a warm and inviting atmosphere enhanced by two natural gas fireplaces, beautiful wood floors and tile with river stone accents. The main floor laundry option adds to the home's functionality, as well as a reverse osmosis water filtration system making everyday tasks a breeze. Recent updates, including a new roof and furnace, ensure peace of mind for years to come. Enjoy entertaining on the expansive composite deck that overlooks your private yard, providing the ideal setting for summer barbecues or quiet morning coffee. With an ‚Å“up north‚ feel and ample space for outdoor activities, this home truly has it all. Dont miss your chance to own this rare find in a desirable in-town location! Schedule a showing today!
Source: REALCOMP #78080056295
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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.