349 Clinton St Wyandotte, MI 48192
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About this home
**WALK INTO this ABSOULTLY CHARMING COLONIAL with an ARCHED PLANK DOOR & LOVELY wooden stairway!! THIS HOME IS SITUATED on a TRIPLE LOT which is fenced in and measures 88 x 100**THIS HOME FEATURES ALL OF THE "OLD SCHOOL CHARM" **KITCHEN HAS MAPLE CABINETS, D/WASHER (less than 1 year) stove, microwave, NEW REFRIGERATOR & linoleum floors **SPACIOUS LIVING ROOM with wood floors & large picture window** GREAT SIZE DINING ROOM to enjoy all your meals has plenty of sunlight & view of the yard** Master Bedroom is on the MAIN floor with full Bath right off the hallway!! THREE BEDROOMS are on the second floor with an additional full Bath. ALL bedrooms are Good SIZES with carpeting, large closets & ceiling fans!! Basement has TWO furnaces one for the main floor & one for the upstairs** PARTLY finished basement to use as a REC/PLAYROOM and Half bath** Copper plumbing, circuit/breakers, glass block in basement** NEW WALLSIDE Thermopane windows UPSTAIRS have a 35- year warranty!!PLUG FOR GEN-TRANS is already there you only need a generator** Buyer's agent must be present for all Showings & inspections. Buyer agent must verify all information including square footage & taxes. Signed disclosures & a pre-approval must be included with all offers. Please send offers in a PDF. ** THE SELLER has found a new home** WE INVITE ALL REASONABLE OFFERS** IMMEDIATE OCCUPANCY **
Source: REALCOMP #20251041576
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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.