16974 Hawley Rd Oberlin, OH 44074
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About this home
Country living transcends with this updated 4 bedroom Colonial situated on 2.72 acres! The spacious front porch welcomes you, featuring a new front door with sidelights allowing natural light to flow into the foyer. Natural light continues throughout the entire main level with updated, lifetime warrantied windows (transferable). The generous living room, boasting fresh paint & updated ceiling fixture, flows nicely into the fully equipped kitchen w/dining area, featuring all stainless steel appliances, upgraded cabinetry, updated flooring, new ceiling fixtures & fresh paint. The family room, boasting a beautiful brick fireplace & tray ceiling, leads out to the cozy sun room where country views & relaxation abound. The main level also provides a formal living room which can be used multifunctionally as an office or sitting area & updated half bath. An abundance of space & functionality continue to the second level providing 4 expansive, freshly painted bedrooms with ceiling fans/fixtures and a commodious full bath. A full, professionally waterproofed basement provides ample storage & presents a blank canvas for opportunity & creativity. The ductless heating & cooling system was updated in 2018, new HWT in 2019 & new roof, fascia boards & gutters were installed on the home & outbuilding Feb 2025. The exterior featuring 2.72 acres will not disappoint when it produces pear & peach trees, as well as 2 different types of grapes. Additional multifunctional opportunity is extended with 2 outbuildings and extra parking. A fenced in area is provided for convenience and practicality. Schedule your showing today!
Source: MLSNOW #5152805
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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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