6040 Fairbrook Dr West Bloomfield, MI 48322
Your savings
About this home
Hurry to see this custom, contemporary and spacious home offering more than 3,600 square feet of elegant, light-filled living space, plus additional basement space perfect for storage, recreation, or future finishing. Situated on a desirable corner lot with a long circular driveway, this home makes a statement before you even step inside. A dramatic 2-story foyer sets the tone, leading into a soaring great room with a striking two-way stone fireplace shared with the comfortable dining room area. The thoughtfully designed kitchen features granite countertops, stainless steel appliances, a large center island with cooktop, and a generous eat-in layout that opens seamlessly to the cozy family room creating the perfect hub for daily living and relaxed entertaining. From the kitchen door wall, step out to the multi-level deck and backyard…ideal for outdoor dining or quiet evenings. The primary suite is a true retreat, complete with a sitting area with wet bar, two-way fireplace, private balcony, dual walk-in closets, and a stunningly renovated en-suite bath. Indulge in the spa-like walk-in shower with custom tile and glass enclosure, or unwind in the freestanding soaking tub set beneath elegant lighting…a perfect blend of luxury and relaxation. The three additional bedrooms are generously sized, and a convenient first-floor laundry room and three-car side entry garage add to the home’s versatility and function. So many updates include a newer furnace, A/C unit & hot water heater, newer washer and dryer, granite countertop in the half-bath, and freshly painted primary bedroom. Updated insulation & windows (2011), and a newer roof (2016) provide comfort, energy efficiency, and peace of mind. Walled Lake schools. Sale excludes 3 flat panel televisions. All measurements and data approximate.
Source: REALCOMP #20251024854
Loan details
Neighborhood
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.