3620 N Shore Dr, Lincoln Park, MI 48146
3 beds · 2 baths · 1,636 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Cradled between the serene River Drive and the picturesque Ecorse Creek, this pristine Quad Level home boasts a host of stunning features: from the gleaming new roof shingles and driveway to the elegant stamped concrete walk. The remodeled kitchen dazzles with Quartz countertops, state-of-the-art appliances, beautifully refinished cabinets, and sleek ceramic tile flooring. The interior of this home shines with opulent new luxury vinyl floors gracing the expansive family room, dining room, and primary bedroom, all complemented by state-of-the-art electrical upgrades on every lighting fixture. The sprawling 2.5 car garage not only easily accommodates two vehicles, but also offers ample space for a potential workshop, making it a haven for creative minds. The backyard, adorned with a couple of majestic trees and enclosed by a fence, sets the stage for idyllic summer gatherings. Just walking distance away from the enchanting Historic Council Park and the accessible Lions Park, this location is a dream come true for outdoor enthusiasts. This neighborhood falls within the highly sought-after Carr Elementary school zone, making it an ideal location for families seeking top-rated education for their children.
Source: REALCOMP #20250028737
Source: REALCOMP #20250028737
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.