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17946 Harman St, Melvindale, MI 48122

2 beds · 1 baths · 616 sqft

Concierge

Get a free consultation call with an expert in the mortgage assumption process.

Handy man and Investor Special! This house is priced way below market Value! This house is situated on a large double lot! The house has already been cleared out of all the debris and is ready for a tasteful renovation! The house is just above 600sqft so this is the perfect size project for a new investor or seasoned investor alike! The house has a large covered front porch well as a large back deck with a fully fenced in yard. Similar renovated homes have sold for $120,000 and are renting out for around $1200/month, meaning that this would be a great investment for a buy and hold investor and fix and flipper alike! This will not last, schedule your showing today!

Location
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Home details
Size
616 sqft
Lot size
0.19 acres
Year built
1924
Type
Single Family Residence
HOA dues
$0.00

Source: REALCOMP #20250023558

Resources
Frequently asked questions

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.

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Last updated: May 05, 2025 01:00 am
Listing agent: Jeff Kermath (734) 649-4903
Listing provided courtesy of: Kermath Realty LLC (734) 649-4903
Details provided by REALCOMP and may not match the public record.
MLS ID: #20250023558
IDX provided courtesy of Realcomp II Ltd. via Roam Brokerage, LLC and Realcomp MLS, ©2025 Realcomp II Ltd. Shareholders The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.
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