1352 Cobblestone Ct, Ann Arbor, MI 48108
4 beds · 3 baths · 2,239 sqft
Nestled on an expansive corner lot, this beautiful home offers over 2,200 square feet of thoughtfully designed living space--perfect for your family. Enjoy the added benefits of award-winning Saline schools and low Pittsfield Township taxes.Step inside to find sun-filled rooms, freshly painted walls, and brand-new carpeting throughout the entire home! The open floor plan seamlessly connects the kitchen to the dining, living, and great rooms, creating a perfect space both everyday living and larger gatherings. A gas fireplace in the great room adds warmth and charm.The true highlight of this home is the inviting four-season porch. Surrounded by expansive windows and a cozy wood-burning stove, it is the perfect place to enjoy your morning coffee, or host gatherings while overlookingyour private backyard oasis. Upstairs, the spacious primary suite boasts a walk-in closet, accompanied by three additional bedrooms and a full bath. A first-floor laundry room adds convenience, while the unfinished basement provides endless possibilities for future expansion. Outside, the generous corner lot offers plenty of space for gardening, play, and relaxation. More than just a house, this is a place to truly call home.
Source: REALCOMP #81025012580
Source: REALCOMP #81025012580
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.
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.