900 Drew Dr, Troy, MI 48098
3 beds · 2 baths · 1,721 sqft
Charming Ranch Retreat Amidst Towering Pines Welcome to this beautifully updated 3-bedroom ranch home, where elegance meets comfort in a serene, wooded setting. Nestled among towering pine trees. This picturesque retreat offers a flexible floor plan, with one bedroom serving as a cozy den or home office to fit your lifestyle. The heart of the home is the spacious, updated kitchen, featuring gleaming granite countertops, crisp white cabinetry, and stainless steel appliances. Plantation blinds add a touch of charm, with a bright dining area—bathed in natural light from a large window creating the perfect spot for morning coffee. Step into the expansive Great Room, where a vaulted ceiling enhances the sense of space. Two Pella sliding doors open seamlessly onto a charming paver patio, inviting you to relax and take in the breathtaking views of the meticulously landscaped backyard, a true private oasis. Enjoy meals prepared on the gas grill all year long. The primary suite offers a serene retreat, while the convenience of an optional first-floor laundry makes daily living effortless. Beautiful updated Primary bath with a stunning curbless shower. The finished lower level is an entertainer’s dream, complete with a wet bar, ample storage, half bath, and laundry room, with a flex area perfect for work out area or at home office. This rare gem blends timeless elegance with modern functionality, all set in a stunning natural backdrop. Newer Anderson Windows throughout. Don’t miss your chance to call this enchanting retreat home! BATVAIA
Source: REALCOMP #20250019721
All values shown are estimated costs / mo.
Source: Public records
Source: REALCOMP #20250019721
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.