11608 Meadow Ave Pickerington, OH 43147
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About this home
An Absolute Mingo Estate Beauty! Over 2,200 magnificent sq. ft. in this all-brick and stucco 3 BR, 3 BA Cape Cod with an oversized 22' x 28' detached 2-car garage, located on a super quiet/private .33-acre lot that backs to a mature tree line & huge pond. There are NO neighbors behind this home! This home offers a wonderful floor plan, boasting an open 1st floor complete with a huge living room featuring a massive sun-drenched picture window and built-in brick planter, a formal dining area, and a thoughtfully designed gourmet kitchen loaded with white cabinets, solid-surface countertops, and brand-new stainless appliances. Also on the 1st floor are 2 bedrooms, including a large primary suite with a brand-new full bath and a huge closet. The 2nd floor offers an additional bedroom with a full bath and a large loft with space for a possible office—both boasting beautiful hardwood floors. The lower level provides a professionally finished, nearly 700 sq. ft. of finished living space with a brand-new full bath and glass block windows. So many upgrades and extras throughout, including (but not limited to) new concrete sidewalks, a huge storage area, a new deck, a fenced yard, extensive new landscaping, and so much more. This home is ready for its new owner! Attention Agents: See ATA remarks and offer instructions document.
Source: COLUMBUSOH #225035623
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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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.