40030 Willis Rd, Belleville, MI 48111
4 beds · 3 baths · 2,272 sqft
EXREMELY PRIVATE LOCATION ! 4 BEDROOM (2 primary, one on each side of home) 3 BATH RANCH ON 7.51 ACRES !! PRIMARY BEDROOM #1 WITH FULL BATH AND DOORWALL TO DECK 2ND BEDROOM WITH DOORWALL TO DECK BED 3 PERFECT FOR NURSERY OR OFFICE , 4TH BEDRM W/FULL BATH PRIVATLY TUCKED AWAY WITH DUAL ENTRY , HICKORY KITCHEN W/ GRANITE COUNTERTOPS OPEN TO OVERSIZED DININGROOM W/ WOODBURNER ,DOORWALL LEADING TO PATIO AND ADDITIONAL COZY SEATING AREA , LIVINGROOM IS OF GENEROUS SIZE W/ RECESSED LIGHTING AND LARGE PICTURE WINDOW THAT OPENS ,FRESH PAINT THROUGHOUT HOME 3/25 ,CRAWL SPACE INSULATED 2025, FURNACE 2019, CENTRAL AIR 2023, ROOF 2022, KIT W/ HICKORY CABINETS AND GRANITE COUNTERTOPS 2014 STAINLESS APPLIANCES STAY,WOODBURNER IN DININGROOM 2014, WASHER/DRYER 2023 ALL INTERIOR DOORS SOLID HICKORY, HICKORY PERGO FLOORING 2020, MIRRORED DOORS 2024,WALLSIDE WINDOWS ** 20X20 ATTACHED GARAGE 32X56 POLEBARN W/ WELL TIP AND 220 AMP AND 100 AMP8X50 LEAN-TO AND 24X24 LEAN-TO W/HORSE STABLES AND 2 HORSE PASTURES EXTRA DEEP DRIVEWAY WITH CIRCULAR TURN AROUND AND ADDITIONAL CRUSHED CONCRETE PARKING PAD !!! CITY INSPECTION HAS BEEN ORDERED AND REPAIRS ARE DONE , SEPTIC PUMPED OUT AND INSPECTED 2025 CITY WATER PASSED REPORT HAS BEEN FILED WITH COUNTY. ! NOTHING TO DO BUT MOVE IN AND ENJOY YOUR COUNTRY LIVING WITH CITY AMENITIES W/ METRO PARK ,DINING AND THE APPLEFEST JUST MINUTES AWAY ! BATVAI INFO DEEMED RELIABLE BUT NOT GUARANTEED ! There are some unattached items excluded list will be in docs
Source: REALCOMP #20250018995
Source: REALCOMP #20250018995
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.
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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 580, 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.