452 Union Ave SE Grand Rapids, MI 49503
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About this home
This charming three-bedroom, two-bathroom home at 452 Union Ave SE offers exceptional value in Grand Rapids'coveted Heritage Hill neighborhood. The property showcases beautiful hardwood floors throughout the main level, creating warmth and character that welcomes you from the moment you step inside. The thoughtfully designed layout features durable tile flooring in the kitchen and mudroom areas, perfect for busy life and clean up. Upstairs has fresh carpet throughout take provides comfort and style. The entire interior has been freshly painted, giving this well-maintained home a crisp, move-in-ready appeal. Located in the heart of Heritage Hill, you'll be minutes from the vibrant Wealthy Street corridor, home to the beloved Wealthy Street Bakery and the historic Wealthy Theatre. Downtown Grand Rapids is just minutes away, offering endless dining, entertainment, and cultural opportunities. The fenced backyard provides privacy and security, play, pets, or entertainingguests. Seven-year-old roof, ensuring peace of mind for years to come. The home's fantastic condition reflects the care and attention it has received. This Heritage Hill gem sits within walking distance of Pleasant Park and Cherry Park . Family Fare Supermarket nearby makes grocery runs convenient. The neighborhood's tree-lined streets and historic architecture create an environment where community spirit thrives. For buyers seeking character, convenience, and quality construction at an attractive price point, this property delivers on all fronts. The combination of historical charm makes this an opportunity worth serious consideration. Schedule your showing today.
Source: REALCOMP #65025054508
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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.