6762 Niagara St Romulus, MI 48174
Your savings
About this home
Nicely updated 3-bedroom brick ranch with a 2-car garage, situated on a huge corner lot. This home features a spacious floor plan that provides a modern and inviting atmosphere. The kitchen has been renovated with new cabinets, flooring, and countertops. The bathroom has also been updated with new tile and the addition of a relaxing Jacuzzi tub. The family room offers both comfort and convenience, featuring direct access to the yard and patio—perfect for indoor and outdoor gatherings. Updated lighting fixtures throughout the home enhance both style and functionality. Additional updates include new storm doors, newer vinyl windows, a new furnace, PEX plumbing, a new garage door opener, and a new roof on the garage. The gutters have been replaced, and the air ducts were recently cleaned for improved air quality. The seller already has the Certificate of Occupancy from the City of Romulus, making this property move-in ready. With its modern upgrades, open layout, and large corner lot, this home offers excellent value for buyers seeking comfort and quality in a great location.
Source: REALCOMP #20251043254
Loan details
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
If you find a better price on any home, we’ll match it.
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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.