5570 Wildrose Ave West Bloomfield, MI 48322
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About this home
Welcome to 5570 Wildrose Ave, nestled in the highly sought-after Pleasant Lake Highlands community! This beautiful 3-bedroom, 2.5-bath home perfectly blends comfort, modern living, and a true lakefront lifestyle with private access to Pleasant Lake and a sandy beach just a short walk away. Inside, you’ll find an open, light-filled layout with spacious living areas and a gourmet kitchen featuring all-new Frigidaire Gallery Series appliances—including a refrigerator, range, microwave, and dishwasher (2024/2025). Every major utility has been updated for peace of mind: a new furnace (2022), A/C (2022), water heater (2023), water softener, and new washer and dryer. The master shower faucets have also been replaced. The finished walkout basement includes a workout area and is plumbed for a full bathroom, offering flexibility for future expansion. Enjoy outdoor living with new landscaping surrounding the home, a golf hitting net under the deck, and a beautiful balcony with an outdoor fireplace—plus a cozy indoor fireplace for cooler nights. A convenient first-floor side entrance provides easy access through the garage. All TVs in the home stay, along with most of the furniture, making this move-in ready home even more turnkey. Located within the Walled Lake Central School District and close to major expressways, dining, and shopping, this home offers the perfect mix of tranquility, accessibility, and everyday luxury. Don’t miss your chance to call this lakeside retreat your new home!
Source: REALCOMP #20251045265
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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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