5068 Monticello Dr, Swartz Creek, MI 48473
3 beds · 1 baths · 1,416 sqft
!!Charming 3-Bedroom Home in Swartz Creek School District – Perfect for Family Living!! Welcome to your dream home! This beautifully maintained 3-bedroom, 1.5-bath partially bricked residence boasts approximately 1,400 sq. ft. of comfortable living space, ideal for families or anyone looking to settle in place you can truly call home... Key Features - Spacious Bedrooms; Enjoy three generous bedrooms perfect for rest and relaxation - Updated Kitchen & Living Space; An updated kitchen flowing into the living room creates a warm, inviting atmosphere for family gatherings - Cozy Family Room; A fire-lit family room that adds a touch of warmth and elegance, making it the perfect spot for cozy evenings. Outdoor Oasis - In-ground Swimming Pool; Dive into summer fun in your own in-ground swimming pool, perfect for entertaining and relaxation! - Pool Shed/House; Convenient storage and organization for all your poolside essentials. - Fenced-In Yard; A secure, fenced yard provides privacy and a safe play area for children and pets. - Fire Pit; Enjoy evenings gathered around the fire pit, sharing stories and creating lasting memories, In YOUR New Home... Bonus Spaces - Florida/Michigan Room; A versatile space to enjoy light and fresh air, whether you envision it as a sunroom or a comfortable retreat, the choice is yours! - Attached 2-Car Garage; Ample parking and storage solutions just steps from your front door. Located in the desirable Swartz Creek School District, this home is not just a place to live, it’s a lifestyle opportunity! Don’t miss out on this fantastic listing. Schedule your private tour today and see for yourself what makes this home, YOUR New Home, special! Seller retains the right to entertain any offer they deem to be acceptable at anytime. H&B Due by 9pm on Sunday, 03/30/2025 MORE PICS TO COME...
Source: REALCOMP #20250017525
Source: REALCOMP #20250017525
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.