2121 N Vermont Ave, Royal Oak, MI 48073
5 beds · 4 baths · 3,328 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to 2121 N Vermont, a stunning contemporary masterpiece built by Ideal Builders & Remodeling on Red Run Golf Course. This luxurious 5-bedroom, 4.1-bathroom home spans over 3,300 square feet, offering a seamless blend of sophisticated design and everyday comfort. Step inside to discover an open, light-filled floor plan. The gourmet kitchen is a chef’s dream, boasting top-of-the-line Thermador appliances and thoughtful finishes including custom cabinetry and Top Knobs & Pulls. Upstairs, find elevated tray ceilings in every bedroom and meticulous craftsmanship throughout. Each spacious bedroom is an en suite with a full bath, ensuring unparalleled convenience and privacy for family and guests. The primary suite is a retreat unto itself, complete with a sprawling walk-in closet and spa-like bath for your morning rituals. The finished basement provides an additional level of living and entertainment space, perfect for movie nights, a home gym, or playroom. Situated in the heart of Royal Oak, this home places you a stone throw away from top north dining, shopping, and entertainment, while still offering the tranquility of a residential neighborhood. A rare opportunity for elevated living in one of Michigan’s most sought-after communities—don’t miss it! STILL TIME TO CUSTOMIZE FINISHES. Home is to-be built.
Source: REALCOMP #20250015460
Source: REALCOMP #20250015460
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.