14 Whitefield Blvd Norwalk, OH 44857
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About this home
This custom-built home situated on a .45acre lot has been nicely updated & is ready for a new owner. This home has a first floor primary suite with tray ceiling, wood floors, walk-in closet & private bath with tiled floor, dual sinks, jetted tub & separate shower. The vaulted living room features a gas fireplace & large widows which overlook backyard & provide plenty of natural light. The kitchen features pantry with pullout shelves, updated Samsung black stainless appliances, cement countertops, tile floor & backsplash & is open the morning room with floor to ceiling windows. First floor laundry room with utility sink, 1/2 bath with granite counter & dining room which is currently used as an office complete the main level. Upstairs has a full bath & three additional bedrooms. The finished 13 course basement has a spacious rec room, furnace room & two additional storage areas one which makes a great workout room. Out back a covered rear deck steps down to a large brick patio with pergola. Additional features and updates include: 9ft ceilings on first floor, walk-in attic storage through bedroom closet; attached 2 car garage with workbench, cabinets, peg board & new insulated door & opener 2022; high efficiency furnace & AC 2022, sump pump 2023, H2O tank 2015, Roof 2015, ADT security system with 6 cameras. 12-Month Choice Home Warranty Included!
Source: MLSNOW #5148086
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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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