4638 Lauren Dr Norton Shores, MI 49441
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About this home
Welcome to this beautifully maintained 3-bedroom, 2-bath home offering the perfect blend of comfort and convenience. Step inside and enjoy soaring ceilings and a thoughtfully designed layout that feels both spacious and inviting.The large unfinished basement provides endless potential and is already plumbed for an additional bath, offering the flexibility to create extra living space. Every detail has been considered for modern living--all appliances are included, from the range and refrigerator to the washer, dryer, dishwasher, and microwave.Enjoy peace of mind with a full ADT security system. Furnace, Water heater and Central air installed in 2017 when home was built.Outside, the Rain Bird in-ground sprinkler system keeps this generous yard lush and green, while the back patio is the perfect place to relax or entertain.Conveniently located near shopping, restaurants, and the airport, this home offers a wonderful balance of suburban tranquility.
Source: REALCOMP #66025049970
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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.