36672 Orchard Lake Dr, New Baltimore, MI 48047
4 beds · 2 baths · 3,200 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Third-floor 30 x 17 bonus room offers flexibility for a home office, playroom, or guest space. Welcome to this 3,200 sq ft colonial, situated on a corner lot with a wrap-around covered porch. This home offers a three-car attached garage, in-ground sprinklers, and a spacious, newly remodeled kitchen with quartz counters, tile backsplash, granite composite sink, high-end LG black stainless appliances and under-cabinet LED lighting. The large eat-in area includes a door-wall to the patio, perfect for morning coffee or evening meals. A separate dining room also features a door-wall with access to the wrap-around porch, ideal for entertaining or relaxing. The great room impresses with a cathedral ceiling, and a cozy gas fireplace, creating an inviting gathering space. Enjoy the convenience of a first-floor laundry room. The master suite provides a retreat with a separate vanity area, walk-in closet, and en-suite bathroom. The home also features updated windows with a transferable warranty, providing peace of mind for years to come. The finished basement is ready for entertaining, featuring a pool table with accessories, a moveable bar, and two bar stools. A whole-house generator ensures peace of mind during any season. Outside, the property includes an oversized outbuilding for a lawn mover / motor cycle or possibly a small car and is near the subdivision park, offering easy access to a lovely lake view. Close to expressways. This home blends comfort, style, and convenience-ideal for modern living!
Source: REALCOMP #58050159106
Source: REALCOMP #58050159106
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.