7944 Gilmore Rd Reading, MI 49274
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About this home
Welcome to this stunning ranch home, built in 2020, offering modern comfort and style throughout. With 9-foot ceilings on both levels and a full basement, this spacious 4-bedroom, 2-bath residence provides plenty of room for everyone, featuring two inviting living rooms and a convenient coffee bar. The primary suite is a true retreat with a walk-in closet and relaxing jacuzzi tub. The large kitchen is perfect for entertaining, complete with an island, abundant cabinet space, and included appliances.Additional highlights include framed/studded basement walls, crown molding, and numerous upgrades that make this home truly move-in ready. Step outside to enjoy the expansive 18x30 back deck overlooking the fully fenced 2.5-acre lot with dual gate entry, perfect for gatherings or quiet evenings. A 32x48 heated, cooled, and insulated pole barn with extra power offers endless options for storage, hobbies, or workspace.This unique property also features a large former 90x120 grow operation with steel siding...ideal for crops, livestock, or potential conversion into a true pole barn. Propane tank is owned. Just miles from the Ohio and Indiana state lines, this property combines modern finishes, functional design, and peaceful country living at its best. Buyer and buyer's agent to verify all information. Information deemed reliable but not guaranteed. Call today for your own viewing! This company makes no warranty or representations about the contents of this data. It is the responsibility of the parties looking at the property to satisfy themselves as to the accuracy of this information. Taxes were obtained from the local assessor and the taxes could change for the buyer after a closed transaction.
Source: REALCOMP #53025045088
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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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