416 Marquette St, Flint, MI 48504
4 beds · 2 baths · 1,559 sqft
416 Marquette is ready for its next owner to move in and unpack or to take their time moving in and put their own touch on the home. This 4 bedroom 2 1/2 bath home is ideal for any lifestyle or investor. It offers a first floor primary suite and first floor laundry. Under the clean padded carpeting are hardwood floors offering the potential of the homes original charm. Upon entering the front of the home you walk into the foyer providing a coat closet and privacy to the living room when the front door is open letting in sunlight. The large living room offers a wood burning fireplace. Off of the living room is a formal dining space. There is also a guest bathroom on this level of the home. Upstairs are 3 nice sized bedrooms and another full, offering someone who wants more living space and less bedrooms the ability to use the French doored primary suite on the main level as additional entertaining space. The new residents of this home can spend their time outside on the north facing screened in porch or lounging in their fully fenced in back yard. The dry basement is equipped with a sub pump and could be finished for another flex space or left as it is for storage. The home is also equipped with a generator. This home is currently occupied and can only accommodate showings on Sundays from 10am - 7pm, please schedule your tour accordingly. The home currently has an FHA mortgage from 2021 which may be assumable by a future buyer. A block away from Mott Park, near Kettering University and U of M Flint this home provides easy access to 75, 69 and 475, making it a great home for an owner occupant or rental property for an investor.
Source: REALCOMP #20250016621
All values shown are estimated costs / mo.
Source: Public records
Source: REALCOMP #20250016621
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.
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 of Equal Opportunity Act.