5700 Lantern Ln Midland, MI 48642
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About this home
Move-in ready and beautifully updated, this 4-bedroom, 2-bath quad-level in the Midland Public Schools district offers 1,857 above ground square footage, plus a fully finished 600 square foot lower level for extra living space. Inside you'll find brand new durable laminate plank flooring through the whole home. The new updated lighting throughout, remodeled kitchen with brand-new stainless appliances installed in May of this year make living here just that much easier. This kitchen offers ample counter space, a bright breakfast nook, along with a separate dining room ideal for family gatherings. The main floor also has a sitting area with a fantastic view of the front yard. Upstairs you will find three comfortable bedrooms and a full bath, while the lower levels add a family/rec room, 4th bedroom, a flexible bonus space for an office, gym, or guests, a second full bath, washer and dryer and plenty of storage. Outside features an above-ground pool with deck space for summer fun, a full in-ground sprinkler system to keep the lawn looking sharp, and an attached two-car garage for parking and storage. Along with the beautiful front retaining wall the yard comes equipped with an electric fence to keep your favorite pet safe and in the yard. Recent updates include the kitchen remodel with new appliances, whole-home lighting refresh, durable Mohawk laminate flooring, and fresh interior paint. Walk to Kaufman Park for playgrounds and trails, enjoy quick access to shopping, dining, and downtown Midland, or hop on US-10 for an easy commute or weekend getaway. If you're looking for a move-in ready home with modern updates, flexible living space, and outdoor amenities, this one delivers. Schedule your private showing today!
Source: REALCOMP #5050190501
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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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