Corner Lot Beauty in Springboro's Popular Villages of Creekside Community ! You'll Love the Open, Light & Bright Feel As Soon As You Step Inside ! Beside the Entry is the Dining Area & Then You Are Guided to Your Gorgeous Two Story Great Room Highlighted by Gas Fireplace. The TOTALLY Updated Kitchen Boasts Brand New Cabinetry, Quartz Counters, Breakfast Nook, & Stainless Appliances Plus Eat In Island Area Great for Entertaining ! Upstairs You'll Find the Spacious Primary Suite Complete with Vaulted Ceilings, En Suite Bath, & Huge Walk In Closet with Built Ins ! The 4th Bedroom is the Loft That Could Easily be Walled Off if Desired and Features Its Own Private Second Story Deck ! Two Additional Bedrooms and Another Full Bath Complete The Second Level. The Finished Basement Offers Plenty of Rec Space, Workout Room, & Laundry Area with Storage. Fenced Yard with Large Deck & Added Pergola for Lighting. Other Notable Items Include: New Water Heater (2025), New Garage Door Chain and Keypad, & Sump Pump with Battery Backup. Roof 2016. Please Note: Seller Willing to Possibly Provide Reasonable Flooring Allowance/Closing Cost Credit with Acceptable Offer ! HOA Includes Neighborhood Pool ! Amazing Location Close to the Interstate with Easy Access to Both Cincinnati & Dayton ! An Easy Jaunt to Downtown Springboro for Ice Cream at the K or a Fun Evening at Heather's Cafe. This Wont Last Long - Hurry !
7 W Long Meadow Dr, Springboro, OH 45066
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.
