Welcome to Silver Lake in Clearcreek Township featuring quick access to Springboro & private schools on a rare 1.52 Acres. Custom features in this 2010 built Ashford Victoria floor plan boast gorgeous landscaping a covered porch leading to 4,204 square feet, 4 Bedrooms, 3.5 Baths, a Finished Basement with storage & 3 car garage. Appreciate the newer dimensional shingled roof, upgraded high efficiency furnace & AC.. Just move in & relax An impressive 17' high foyer with hardwood flooring opens to 9' high ceilings on the main level including this spacious Living Room & Formal Dining with stylish tray ceiling, recessed crown lighting & views of the spacious back yard. The Kitchen hosts 42" high cabinetry, spacious storage, new stainless steel GE Profile Range with air fryer, new Microwave + island & Breakfast area. The Sun Room hosts a cathedral ceiling, Relax in this BIG: 18 x 18 Family Room with gas fireplace & recirculation fan. Appreciate the convenient home office with in wall speakers, the stylish powder room & 1st level mud room/laundry,. Step out the the newer deck and enjoy areas for play + storage with the Amish Built shed. Upstairs, the 18x14 Owner Suite offers room for King - Sized furniture, a walk in closet and bonus closet. The Suite Bath has been upgraded a soaking tub, dual sink vanity & large -6x4 walk in shower with tile and glass & a luxurious overhead rainfall & wall shower jets for the spa treatment. The loft offers sitting/lounge space, Bedroom 2, 15x13 has a walk in closet, access the guest Bath with upgraded shower surround & Bed 3 & 4 offer spacious room sizes & large closets. The Finished Basement has 8.5' ceiling with a 32x30 recreation with space for a theater plus wet bar/kitchenette, a 16x9 Billiard or gaming area & full bath with newer shower surround. Don't miss the large 16x11 Exercise/Play Room & 16x13 Utility. Roof 2022, 80G WH 2021, Quick access to Dayton or Cincinnati. Call today for the details. Click HD Video Tour...
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.
