1702 N Washington Ave, Royal Oak, MI 48067
4 beds · 3 baths · 2,347 sqft
This stunning Craftsman-style colonial on a coveted corner lot in Royal Oak is packed with charm and thoughtfully updated for modern living! A welcoming French door entry leads into a warm and inviting space with arched passageways, rich hardwood floors, and a cozy living room featuring a beautiful natural fireplace framed by custom built-ins. A bright and airy den/office offers the perfect work-from-home setup with direct access to the backyard. The gorgeous open kitchen and dining area shine with a pop-out breakfast nook bathed in natural light, a large galley kitchen with stainless steel appliances, ample cabinet space, and recessed lighting. A convenient mudroom extension off the kitchen adds extra storage, while a main floor full bath sits just down the hallway. Upstairs, a breathtaking family room serves as the centerpiece, boasting a custom gas fireplace, large windows, and a handy half bath. Three spacious bedrooms complete the upper level, including a private primary suite with its own en suite full bath. 4th bedroom is currently being used as a 2nd floor Family Room - great potential for a 2nd Primary Suite. The partially finished basement expands the living space with a third full bath and plenty of storage. An attached two-car garage and a big fenced backyard await outdoor activities. Great location, close to local parks and just a short trip to downtown Royal Oak. Welcome Home!
Source: REALCOMP #20250016889
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: REALCOMP #20250016889
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 of Equal Opportunity Act.