1200 E 125th St Cleveland, OH 44112
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About this home
Spacious Colonial in Forest Hills on Double Lot. This 3-bedroom, 1.5-bath colonial offers plenty of space and flexibility, located on two parcels totaling .21 acres in the Forest Hills neighborhood. Inside, you’ll find a large kitchen, separate living and family rooms, a formal dining room, and a finished third floor that can be used as a bonus room, office, or extra bedroom. The primary bedroom includes access to a private sunroom—an ideal spot for relaxing. New roof installed July of 2025, new mechanicals, plumbing and electrical updated October 2025. The additional lot provides more greenspace to enjoy or room to expand. Forest Hills is a neighborhood undergoing revitalization, with new senior luxury apartments nearby. Conveniently located just minutes from University Hospitals, Cleveland Clinic, VA Hospital, museums, shops, and more. This home is priced to sell! No verbal offers, no escalation clauses or site unseen offers will be entertained. Buyers contact your favorite buyers agent to schedule your showing today! Investors, this means you will need to get a buyers agent and view or have your agent view the home prior to submitting a written offer on an Ohio or board approved contract. Seller does not allow access information to anyone but Ohio licensed persons.
Source: MLSNOW #5112550
Loan details
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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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