1416 Minosa Ln West Salem, OH 44287
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About this home
Tucked away on a quiet, wooded street, this charming 2-bedroom, 1-bath cottage ranch feels like a storybook retreat. A welcoming front deck sets the tone, leading you into a cozy family room where a wood-burning stove promises warmth on chilly evenings and new flooring adds a fresh touch underfoot. The eat-in kitchen blends rustic character with modern convenience, offering newer cabinets, a handsome backsplash, granite counters, and a deep farmhouse-style sink. A laundry area is thoughtfully tucked in, keeping everything close at hand. Both bedrooms are comfortably sized with plenty of storage, while the updated full bath offers a touch of charm with new tile, flooring, and vanity. Throughout the home, you’ll find handcrafted Amish woodwork, with accents of 120-year-old barn wood framing doorways, highlighting the kitchen, and adding timeless character in every corner. Out back, a spacious deck is the perfect place to unwind while listening to the woods and enjoying the peace of the quiet backyard. A handy shed provides storage, and the newer two-story garage holds a wonderful surprise—upstairs, a finished retreat space with its own heat and TV hookup makes the perfect hideaway for hobbies, games, or simply relaxing. All this, just a minute from the clubhouse, marina, pool, tennis, and more, giving you the feel of a private woodland escape with the perks of a vibrant community. If you’ve been searching for a cozy cabin-like getaway with modern comforts and resort-style amenities, this one is waiting for you.
Source: MLSNOW #5158558
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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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