1147 Roman Dr, Flint, MI 48507
2 beds · 1 baths · 1,514 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome home to this beautifully maintained, all-brick ranch that sits on a spacious corner lot in Mundy Township! Home has two bed spacious bedrooms with generous closets and one full bath. Relax in the warm and inviting living room with original hardwood floors and a cozy fireplace. Larger kitchen with ample cabinetry and counter space, flows easily into dining room and access to the back patio. Full Basement providing abundant storage or potential for workshop, fitness room, or additional living area, also has potential for a second bathroom. Covered patio/deck -ideal for year-round grilling, entertaining, or quiet morning coffee. Fenced-In area of yard offering privacy and a safe play area for kids or pets, areas outside of fenced in area for things like football or volleyball. Two-car garage plus an extra shed - plenty of room for vehicles, lawn equipment, and hobby storage. Grand Blanc schools. Enjoy nearby parks, golf courses, shopping centers, restaurants, and cultural events in downtown Grand Blanc. Commuter’s Dream - quick access to US-23, I-75 and I-475 makes getting to Flint, Lansing, Detroit and beyond a breeze. Near Bishop International Airport - less than 15 minutes to your next flight, perfect for frequent travelers. Don’t miss your chance to own this exceptional ranch-style home in a prime location. Whether you’re just starting out, downsizing, or looking for a solid investment, this property offers versatility, comfort, and style. Your new home awaits, schedule your showing today!
Source: REALCOMP #20250026763
All values shown are estimated costs / mo.
Source: Public records
Source: REALCOMP #20250026763
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.