Impeccable 4 BR, 2½ BA home with abundant upgrades sits in a quiet cul-de-sac at Windmiller Ponds! With just over 2700 sq. ft. of finished living space and a possible 5th BR in the lower level - you have room to stretch out! The 2-story foyer w/ bridal staircase and views straight out the back windows filter in beautiful natural light. The open concept with updated Luxury Vinyl Plank flooring, allows for that feeling of spaciousness and free flowing design. The first-floor flex room provides a comfortable office space, home library or extra dining w/ half bath down the hall. The expansive great room, dining room and kitchen are anchored by a relaxing gas fireplace. Cherry cabinets, all newer stainless steel appliances, updated gorgeous granite countertops, tiled backsplash and recessed lighting frame the cook's kitchen that includes a large island w/ eating bar - perfect for overflow prep space or another great gathering spot in the home. The wide staircase leads to the second-floor sleeping quarters with abundant closet areas and shared full bath. The primary suite is luxurious with cathedral ceiling, designer detail throughout and grand full bath en-suite including a garden tub, double vanities and walk-in closets. The partial basement with two hot water tanks and two finished rooms for recreation or added bedroom space is a nice bonus!! The crawl space has solid flooring and is wide open for easy access and storage. The two-car attached garage has a newer garage door w/ opener. Updated concrete driveway and approach add to the beautiful landscaping and outdoor entertaining area with large concrete pad and firepit in the backyard. Yard contains an Invisible Fence and two collars to convey. New roof in 2023. Vivint Security System. Ideally located to all things in and around town, including shopping, dining and easy access to rt. 33. Pickerington school district. We think you will love it here!
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.