Welcome to 1456 Willowood Way, an exceptional two-story residence tucked within the quiet, established Collinswood neighborhood in Marion, Ohio. With over 4000' of thoughtfully designed living space, this beautiful home delivers the perfect balance of refined craftsmanship, flexible functionality, and upscale comfort. From the moment you arrive, set at back of the cul-de-sac, the impressive drive and three car garage set the tone for what awaits inside. Step through the double front doors and discover a home that has been updated with custom touches throughout. At the heart of it all is a stunning chef's kitchen, appointed with custom cabinetry and premium finishes, a space equally suited for quiet family mornings and elevated entertaining. The main level flows seamlessly, offering multiple gathering spaces, an inviting fireplace, convenient main floor laundry, and a spacious layout that feels both functional and welcoming. The finished basement extends your living space even further, providing the perfect setting for a game room, media room, home gym, or recreation area. Upstairs, the spacious primary suite serves as a true retreat, complete with a private bath with soaking tub and large walk-in closet. Four generous bedrooms offer ample space for family and guests, while the expansive flex space above the garage presents exciting possibilities; whether envisioned as additional bedrooms, a teen hangout, or an additional recreation room, the potential is truly limitless. Step outside and experience two large decks and a patio made for entertaining, all nestled within the serene setting of a quiet neighborhood that offers both privacy and community. Offering tennis/pickle-ball courts and a heated pool for the warmer months. Homes of this caliber, with this level of finish, flexibility, and location, are a rare find in Marion. Whether you're upsizing, relocating, or simply ready for the home you've always envisioned,1456 Willowood Way is ready to welcome you!
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.