13958 Johnstown Utica Rd Johnstown, OH 43031
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About this home
Open house 10/20 Sunday, 1pm-3pm.Great investment opportunity! Sitting at the edge of the New Albany International Business Park, this 3.24 lot is just over a 1 mile down the road from Intel's Post 4 entrance. Currently zoned residential but could be zoned commercial for future use. This one story family home has a generous size great room with beautiful log burning fireplace flanked by custom built cabinets opens into dining area. Spacious primary suite w/ walk in closets & soaking tub, dual vanity, mood lighting in the bedroom/bathroom & heated floors in the bathroom. Updates in a full furnished basement include 2 more bedrooms with walk in closets and a Jack and Jill bathroom. In addition to a workout room and bonus room. 26 x 36 garage w/ approx 500 sq ft of usable space on 2nd floor
Source: COLUMBUSOH #223033471
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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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