8453 Smethwick Rd Sterling Heights, MI 48312
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About this home
Stunning and energy-efficient, well-maintained is an understatement for this lovely bi-level home. There is nothing for you to do except move in. Updates include vinyl fence, driveway, roof, furnace, AC & humidifier, siding, flooring, paint, water heater, updated electrical and more, this home has it all! Updated kitchen with all matching Maytag stainless steel appliances, ample counter space and a built in pantry. Relax in the jetted spa tub or in the expansive outdoor space, which is perfect for family gatherings a must-see to appreciate. Patio has a gazebo with screens and curtains. Larger yard is fenced for privacy, shed for storage and sprinklers to keep the lawn fresh and green. This home boasts a 2.5-car-attached garage with floored attic storage area with pull-down stairs, insulated walls and insulated door, this area is currently being used as extra entertaining space. Situated just minutes from Dodge Park, The Sterling Heights Public Library, 2 golf courses, shopping, dining, major roads and the Michigan Lottery Amphitheatre. This home offers both comfort and convenience in a prime sought-after neighborhood, located in the highly acclaimed Utica School District, if you want something other than traditional public school, Messmore Montessori school is within walking distance, or Huron Academy Charter school is just over a mile away. Schedule a private showing and you will see for yourself why this is the perfect place to call home.
Source: REALCOMP #20251023762
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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.