12631 Pinebrook Dr North Royalton, OH 44133
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About this home
NEW ROOF IS BEING INSTALLED! Welcome to this spacious split level located in desirable North Royalton School District. This inviting abode offers over 2,600 square feet of living space, in addition to a basement which is currently being used for storage and a workout room. There are four nicely sized bedrooms and two and a half bathrooms. Upon entry, you walk right into the living room with vaulted ceiling which opens to the formal dining room. The large eat-in kitchen offers tons of cabinet space and comes fully applianced. There is also a family room with a beautiful wood burning fireplace perfect for chilly fall evenings and there is a wet bar for entertaining. There is a first floor bedroom and half bath that round out the main level. Upstairs there are the three remaining bedrooms. The primary bedroom is oversized and has a built in vanity perfect for getting ready. There are also sliders that enter to a private deck off the primary suite. Don't forget that there is a stamped concrete patio overlooking the fenced backyard. There are also blueberry bushes and grapevines. All of this, plus a two and a half car garage. This home has been well maintained and is awaiting a new owner. Call to schedule a showing today to make this your new address!!
Source: MLSNOW #5158293
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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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