4414 Monroe Ave Waterford, MI 48329
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About this home
Welcome to 4414 Monroe Ave, Waterford where there is nothing left to do but move in. This beautiful three-bedroom two bath bungalow home was completely renovated 2018/2019. The property features gorgeous, engineered wood floors and fresh paint throughout with the added bonus of updated lighting and hardware. Spacious & modern kitchen with white shaker style cabinets, granite countertops and stainless-steel appliances which opens up to a nice dining area. There is plenty of natural light throughout making the whole home light and bright! Both bathrooms updated with marble tile and ceramic flooring. All three bedrooms are nice sized with updated lighting and adequate storage space. This house has so much character. Upstairs features ensuite with lofted ceiling, walk-in closet. Nice and clean basement with laundry area (washer and dryer included) and extra storage space. Sunroom on front of home can be used as a three-season sitting area or a mud room for the kids. The house sits on a double lot with plenty of mature trees and the back yard is private fenced with gated access. Extra-large concrete patio area for entertaining the family or parking your recreational vehicles. A play space for the family- you just need the swing set, sand box and maybe a pool. There is even enough yard space for a dog or two! Two car attached garage with electricity. Central Air, Roof, HVAC, Windows Electrical (2018/2019) Added to City Water(2020) Driveway Seal coated (2025). BATVAI.
Source: REALCOMP #20251033333
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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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