6040 Fairbrook Dr, West Bloomfield, MI 48322
4 beds · 2 baths · 3,589 sqft
Welcome to this beautifully remodeled 4-bedroom, 2.1-bathroom home nestled in the desirable community of West Bloomfield. With four generously sized bedrooms, perfect for family living or hosting guests. Enjoy cooking in a sleek kitchen with high-end stainless steel appliances, ample counter space, and modern finishes. A stunning double-sided fireplace serves as a beautiful centerpiece for both the living room and dining area. Step outside to a large deck — an ideal space for outdoor entertaining, relaxing, or dining al fresco in a private setting. With stylish updates throughout, this home offers modern living with timeless charm. Don’t miss the opportunity to own this move-in ready home. It offers incredible peace of mind with several key updates! The central air unit was professionally installed in the summer of 2022, ensuring comfort all year round. The furnace was replaced in December of 2023, and the hot water tank was upgraded in 2022, all major components are like new and provide excellent efficiency.
Source: REALCOMP #20250013094
Financials
Source: REALCOMP #20250013094
Source: Public records
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%. 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.
Other resourcesWhat 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.