14558 Drake Rd Strongsville, OH 44136
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About this home
4-Bedroom Home with Above-Ground Pool, Gaga pit, and Massive Backyard Oasis! Perfect for Family Living and Entertaining! Welcome to 14558 Drake Rd, a delightful 4-bedroom, 1-bathroom home offering 1,722 sq ft of comfortable living space and situated on an expansive 83x190 lot. This property is a true family-friendly oasis, featuring a large above-ground pool, a fun-filled gaga pit, and a massive backyard that's perfect for both relaxation and outdoor entertainment. As you enter the home, you will find a spacious living area with vaulted ceilings, plenty of natural light, and an open floor plan, creating the ideal space for gathering with loved ones. The kitchen is equipped with modern appliances, offering a great space for preparing meals and hosting family dinners. The 4 well sized bedrooms provide ample space for everyone, while the single, updated bathroom ensures convenience for the entire family. With its ideal layout, this home offers plenty of space for both privacy and communal living. The real showstopper is the backyard! Imagine spending your summer days lounging by the above-ground pool, playing in the gaga pit, or enjoying the serenity of your own private oasis on your gazebo. The large yard provides ample space for kids, pets, and outdoor activities, making it the perfect spot for entertaining or relaxing in peace. Located in a sought-after neighborhood, this home is just minutes away from local schools, parks, shopping centers and transportation. Whether you're looking for a family-friendly retreat or a place to host friends and family, 14558 Drake Rd is an opportunity you don't want to miss!
Source: MLSNOW #5159129
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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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