150 S Clark St, Athens, MI 49011
4 beds · 2 baths · 1,709 sqft
Get a free consultation call with an expert in the mortgage assumption process.
This charming 4-bedroom, 2-bath home in the Village of Athens offers 2,300 square feet of living space. The seller has made many updates to this home including a new roof, newer furnace and much more. It features two main floor bedrooms and two upstairs. The family room has floor-to-ceiling windows overlooking the pool area and providing lots of daylight. The kitchen has new stainless steel appliances that are included and plenty of cabinet space. The basement features a large family room and room for storage. In the backyard is an in-ground pool with a pool house and patio, perfect for relaxation and entertainment. Additional highlights include a two-car oversized garage with storage loft above, main floor laundry and central air. The home sits on two lots, offering plenty of space.
Source: REALCOMP #66025011241
Source: REALCOMP #66025011241
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.