9043 Woods Edge Dr, Commerce Township, MI 48382
4 beds · 3 baths · 2,770 sqft
Look no further, this one has it all! Featuring a spacious 4 bedroom, 2.5 bath, modern colonial w/large partially wooded lot, on a dead end street with a private community pond. This home offers ample natural lighting in every room. New wood flooring, paint, fixtures, fans, recessed lighting, and wainscoting accents throughout. Spacious kitchen has soft close cabinets w/new quartz counter tops, modest island, undermount sink, custom subway tile backsplash, updated fixtures and hardware, eat in space with doorwall to rear deck, and new black stainless appliance package. Family room featuring new custom built ins w/overhead lighting, ship lap accent wall, gas fireplace with new herringbone tile backsplash, & white wash mantle. Dedicated dining room for large family dinners adjoined by an additional living space overlooking the sprawling covered front porch. Updated first floor lavatory and large foyer/mud room organizer are added perks. Four large bedrooms with adequate closet space. Primary bedroom includes a newly built large galley walk in closet w/secret lock door, custom built ins, & dedicated shoe shelves. Also included is a newly remodeled primary bathroom with curbless shower setup, custom tiled walls and niches, frameless shower glass, new vanity, toilet, and fixtures. Second story laundry hidden by custom barn door serves very practical. Topping off the interior is a full finished basement with large flex room, industrial look sprayed ceiling, recessed lighting, finished flooring, tons of storage space, & glass block windows. Brand new furnace and air unit in 2022 with transferrable warranty. Outside is sure to delight with plenty of room to entertain including the covered front porch, rear deck, three season screened in cabana, stone fire pit area, two pergolas, stone retaining walls, paver walkways, all on a large, tree lined lot. Quiet dead end street makes for pure serenity. Come see what Commerce Twp has to offer! Welcome Home!! VA & CONVENTIONAL BUYERS, ASK FOR DETAILS ABOUT THE ASSUMABLE MORTGAGE.
Source: REALCOMP #20250022824
Financials
Source: Public records
Source: REALCOMP #20250022824
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.