Welcome to 1935 Quayle Dr, Akron, OH. This property offers 3 beds, 1 bath and 1,040 above ground square feet and 1,040 below living space with endless opportunity for you and your family to enjoy! Some features you will love about this home is the spacious rooms throughout, the beautiful new LVT floors and first floor living. One of the hidden gems of this house is your main living areas are on the south facing side of the house which means tons of natural light throughout the day too. The kitchen has been updated and has plenty of counter and cabinet space. The bathroom has also been updated along with all new plumbing. You will love spending time throughout your days and enjoying your evenings on the perfect size deck that overlooks the fenced in backyard. The backyard also has a shed that was put up in 2017. This property also features a 2-car attached garage that connects to the beautiful basement for convenience. The basement is also ready to be finished off into the perfect man cave or additional living space. Imagine the possibilities with this home! Need More? Have peace of mind knowing that many major items on this home have been recently updated. Major Updates Include: Furnace & AC (2019) Vinyl Windows, Exterior Doors, Hot Water Tank (2023) Roof (2023). If you are looking for the perfect home for you or your family, then this is it! Schedule your private showing today so you can make 1935 Quayle Dr, Akron, OH your new 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.
