47848 Sonnett St Macomb, MI 48042
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About this home
Welcome to Your Spacious Macomb Colonial! A rare find, this five-bedroom, 2.5-bathroom colonial offers an exceptional layout and is clean and ready to go. Interior Features: The main floor features dedicated spaces for living and entertaining, including a formal living room, a dining room, and a comfortable family room with a cozy fireplace. The kitchen provides a plethora of cabinet and counter space, complemented by a main-floor laundry/utility room and a convenient half-bath. The second level includes five very spacious bedrooms. The private master suite is featuring an updated full bathroom and unique access to the family room's flat roof—perfect for a future balcony or deck! Great storage is available throughout the home. Exterior & Location: Outside, you'll find a covered front porch, a side-turn two-car garage and a long driveway offering ample parking. The private backyard is ideal for entertaining and relaxation, backing up to beautiful woods for a serene, natural view. Located in the highly-regarded Lanse Creuse School District. Close to 94 and 59 for easy getting around town! Keys at closing!
Source: REALCOMP #20251046098
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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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