100 Collins Ct Dayton, OH 45439
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About this home
ESTATE SALE-Tremendous Buy Opportunity! Not a Move in ready home-offered in "As is" condition. Requires the buyer(s) who appreciate and understand the opportunity of creating value in a home. This is absolutely the right home for those individuals who willing to employ their own contractor or DIY project home improvements in exchange for satisfaction of a job well done, rewarding them handsomely on equity return of investment in time and funds. Full brick custom 2000 year built home, attached 2.5 car garage, 3 bedrooms, 3 1/2 baths, 2628 Sq. Ft. Living area (Montgomery Co. Auditor's record) plus full finished basement. 22'x13' Eat in Kitchen, custom built in oak cabinetry, stainless steel newer electric range/oven, attached overhead microwave oven, Frigidaire dishwasher, Samsung side by side refrigerator with bottom freezer. (2) 1main level, 1 basement Family Rooms, full brick gas burning log fireplaces. Basement fireplace inside unfinished. There are 2 Gas forced air furnaces both need to be replaced, original A/C unit. The walk out rear deck needs repaired or replaced, some loose boards. The roof approximately 10 years old and needs maintenance around the chimney. Rely on your own professional inspections. The interior needs a total clean out, estate will make no repairs or improvements. $1,500. EM Deposit, Proof of funds submitted with all offers, Cash preferred, 80 % Conventional approved buyer considered. No regular VA or FHA financing available, FHA 203 K rehab or conventional rehab financing considered with loan approved buyer on this home. Estate administrator requires M and M Title Company, Dayton, Ohio to complete any contract closing. Estate requires minimum 2 business days to consider any offer submitted. Real Estate Taxes quoted are 2024 tax year payable in 2025. Montgomery County Treasurer 2025 Real Estate Taxes are not quoted as of this date, 2025 Homestead Exemption status is unknown.
Source: DAYTON #946915
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FAQs
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.
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