Tired of the cookie cutter homes in cold feeling developments? Welcome to historically beautiful Delia Ave, in the heart of West Akron! Classic early 20th century colonials, each with a personality of their own. Full of warmth and character, this lovely home offers a wonderful mix of high end modern updates and original features! Stately pillars line the covered front porch, where you'll love to spend endless hours chatting with friends and enjoying the neighborhood. Welcoming you inside is a timeless foyer, with beautiful archways, handsome wood floors and a gorgeous staircase. To the left is the formal dining room that will get you excited to entertain! Wood-look ceramic plank flooring, plentiful cabinetry the reaches to the ceiling, a full set of updated stainless steel appliances, finished off by stunning granite and backsplash complete the kitchen! Around the corner is a wonderful space boasting a wall of light from the sliders! Access to the deck, an updated half bath and a 1st floor laundry closet too! Fantastic french doors take you into the formal living room, offering lots of space and a cozy wood burning fireplace. Take the elegant stairway to the 2nd floor, to find 3 bedrooms and a nicely updated full bathroom. The large primary is incredible, with a wall full of original built-ins and 2 additional closets! There's still a waterproofed and mostly finished lower level! A huge room that could be a rec room or guest space features it's own fireplace & bookshelf wall. There is a bonus walk-in closet as well as a 2nd full bath! Hidden past the bathroom is the utility room. There's another unfinished storage room with fruit cellar too! Don't forget the composite deck overlooking the fenced in backyard! Surrounded by abundant greenery, creating a private space to relax. Yes, this home does have central A/C! Full renovation approximately 10 years ago. Since a new deck in 2024, A/C 2011 & solar panels added. Get ready to call this home!
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.
