8426 Cooley Beach Dr White Lake, MI 48386
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About this home
Exceptional Ranch Home Completely Remodeled in 2024 with Over $95,000.00 Invested~~Great Location Situated just down the Street from the Community Boat Launch / Access to All Sports Cooley Lake~~Meticulous Inside and Out...Featuring Inviting Living Spaces Detailed w/ Stylish Appointments & Quality Finishes Transcending an Open Concept Plan Offering New Luxury Vinyl Plank Floors, Updated Trim / Doors, Fresh Interior Paint & Bright Wallside Windows~~The Chef & Entertainer will Love the New Renovated Kitchen Complete w/ Quartz Tops, Intricate Tiled Backsplash, Stainless Appliances, Custom Shaker Soft Close Cabinetry and Trendy Fixtures~~Relax or Entertain in the Large Living Rm with an 8' Wide Sliding Door that Leads to Multi Level Decks and a Deep Fenced Rear Yard~~Retire to 1 of 3 Bedrooms including a Dreamy 1st Floor Owner's Suite w/ New Full Bath Including a Euro Shower, Grohe Fixtures & Toto Toilet ~~Two additional Bedrooms are Supported by a Newly Remodeled 2nd Full Main Bathroom w/ Quartz Topped Vanity, Tiled Tub/ Shower, Grohe Fixtures and Toto Toilet~~The Finished Walkout Lower Level offers an Office Area w/ Electric Fireplace, Rec Room, Workout Space and Storage Room Prepped for a Second Laundry~~A Recent Addition Added a 1st Floor Laundry Complete with a Stackable Washer/Dryer~~You will have Peace of Mind with: New Electrical Panel, Generator Plug-in, 8500 Watt Portable Generator, New Smoke Detectors, New Well, Replaced HVAC 2018, Sump 2022, and Garage Door with Opener 2022~~Walled Lake Schools~~Minutes to Shopping, Restaurants, Recreation and M-5~~So Much to Offer...Hurry~~
Source: REALCOMP #20251040943
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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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.