Welcome home to this beautifully updated tri-level in desirable Centerville and situated on just under half-acre lot with exceptional rear privacy. From the moment you step inside you are greeted by newer luxury vinyl plank flooring flowing throughout the entire main level creating a seamless and modern feel. The inviting living room opens effortlessly to the dining area making it ideal for both everyday living and entertaining. The updated kitchen features stainless steel appliances, granite countertops, subway tile backsplash and oak cabinetry along with a convenient eat-in bar that opens to the large, cozy family room highlighted by a charming whitewashed brick wood-burning fireplace and custom mantle. A large sliding glass door with floor to ceiling windows fills the space with natural light and provides direct access to the outdoor covered patio. Off the garage is a generous mud room/laundry room with an abundance of storage and a half bath. Upstairs you will find four bedrooms including the primary suite with an updated en suite bath showcasing granite countertops and a beautifully tiled shower. Three additional bedrooms share a fully renovated bath. The lower level offers even more living space with a cozy fifth bedroom/study option a large rec room perfect for relaxing, entertaining or work out space. The walkout basement adds convenience and functionality. Step outside to enjoy the covered patio overlooking the private, tree-lined backyard which backs to Black Oak Swim Club providing a peaceful and scenic setting. The extended driveway runs along the side of the home to the backyard offering abundant parking options. Ideally located near parks shopping dining grocery and with easy highway access this home is just a short 20 minute drive to Wright Patterson Air Force Base. A rare find combining space updates and location! Schedule your private showing today.
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.
