4700 Siebert Rd Waterford, MI 48328
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About this home
You’ll be pleasantly surprised by how spacious this 2 bedroom ranch is when you step inside! The open floor-plan is flooded with natural light throughout. A custom wood accent wall gives warmth and coziness to the home. New luxury vinyl plank wood flooring has been installed through the entire house, making it feel uniform and holds up great with pets or kids! A large living room is the gathering place with a nice dining room including a door-wall to the back deck + open to a galley style kitchen. All great for entertaining on a nice day, relaxing inside or out! Two oversized bedrooms give you more space in the all the right spots. Both have extra large closets. In total, there’s a ton of closet storage within this home! All appliances are included with a designated laundry space tucked away with more storage. Outside you’ll find a park like setting for a backyard with mature trees and a shed with the lawn mower also included! A back deck complete with a pergola is just waiting to be made into your own private oasis! Such a nice private property with a convenient location. It’s just a short walk from this home to Crescent Lake public access where you can enjoy the beach or kayak all the way to connecting Elizabeth Lake. As well as, just steps away from a couple staple restaurants like IT, Crescent Lake Inn and 4th Tavern! Reach out to Jackie if you have any questions! BATVAI All showings must be accompanied by a licensed agent at all times. Please email any offer package as a PDF only, no links of any kind. Please allow at least 48 hours for Seller to respond to any offers.
Source: REALCOMP #20251046963
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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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