The most spectacular views on the lake facing due east provides the most gorgeous sunrises (and sunsets) you'll find on beautiful Buckeye Lake! Located on West Bank off the State Park entrance area, the expansive front porch offers breath-taking views and a perfect place to entertain, relax, eat your meals or drink your beverages of choice with views that are truly spectacular! This wall of windows lake house has the most fantastic views from the open concept design of the dining, living room, and even the primary bedroom with an ensuite bathroom that is also on the main lake level and has shutters you can open to get the stunning lake views from your owner's suite! Huge walk in closet and convenient laundry area there, too! Double boat dock in front of home ready for you to hop on your boat and go enjoy the beautiful lake! Walking distance to shops and restaurants along the 4.1 mile walking and bike path! Easy access to I-70 and routes into Lancaster or Newark areas. Back of the house upper deck offers daily wildlife picture possibilities and simply serenity because this peaceful wooded and private back yard is truly a sanctuary. Two bedrooms (possible 3) and two baths! Lake level is 1260 square ft. and 864 square feet is on the lower level for a total of 2124 actual square feet. The lower level offers a large boutique-style bedroom, a cozy bonus room, and a flexible space ideal for a project room or potential walk-in closet. Tons of storage areas, and an outdoor storage shed. Parking is a premium around the lake, and this one has plenty of spots for guests! It also offers lots of green space for pets! Furniture stays! Seller has relocated and prefers to sell property as is. Schedule a showing today!
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.