42 Opal Ln, North Branch, MI 48461
4 beds · 3 baths · 3,040 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Here is a great, 4 Bed-3 Bath, unique country home. Great floor plan, complete with huge fire lit living room, HUGE bedrooms, a fire lit master bedroom, huge laundry room. MONEY $$AVING wood heat! Beautiful tile work throughout, double shower heads, 10' high ceilings, a 11 x 10 office , 2 food pantries, and a 12 x 40 COVERED porch. LOTS of storage, closets galore and 28 x 24 Pole Barn, 2 sheds, dog kennel and a back yard that is a fantastic gathering spot for barbecuing with plenty of room to play! The landscaping boasts a beautiful pond with mesmerizing waterfall. Imagine having your own Raspberry/Black Berry bushes, Concord Grapes vines , Peach, Pear and Apples trees. Here you can have all of this quiet living opportunity yet located close to all great amenities and easy travel with state road close.
Source: REALCOMP #20250001153
Source: REALCOMP #20250001153
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.