9340 Sassafras Trl Unit 68 Portage, MI 49002
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About this home
Discover the rare opportunity to own a 2020 ''free standing'' condo in The Woodlands at Austin lake- complete with a finished basement. Set within a quiet, tree-lined community, this Energy Star-rated residence combines the feel of peace and worry free living.Step inside to an open, light-filled layout that flows right into the main living area. The kitchen boasts quartz countertops, stainless steel appliances, and a large center island that doubles as the perfect gathering spot. The kitchen flows into the dining area and great room, with a stone fireplace, tray ceiling, and glass french doors that open to a vaulted sunroom. The primary suite is a retreat, featuring a cozy window seat, dual-sink vanities, custom tile shower, and a walk-in closet with built-ins. The second bedroom and full bath provide comfortable main-floor living for guests or could be transformed into a home office. The finished daylight basement offers even more flexible space--a large family room, thirdbedroom, full bath, and plenty of storage. Outside, the home's exterior features a covered front porch, vinyl siding, composite decking, and simple landscape with underground sprinklers. Association services include lawn care, snow removal, trash, and more! The home is located just minutes from shopping, restaurants, and Austin Lake recreation- blending comfort, efficiency, and communityall in the heart of the Portage.
Source: REALCOMP #66025056498
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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.