17930 Rosecliff Rd Cleveland, OH 44119
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About this home
Extraordinary four-bedroom Craftsmen on a quiet Lake Erie street in Cleveland's vibrant North Collinwood community. Exceptional workmanship throughout, with original hardwood floors, artful leaded windows, gorgeous built-ins, period fixtures and hardware. Tall ceilings and abundant natural light. The first floor features and oversized living room with a focal point fireplace opening up to a large, elegant formal dining room perfect for hosting large gatherings. French doors open to an intimate sitting room or den - the perfect spot to enjoy a good book. The classic, bright and open kitchen provides for more functional movement than you typically find in a home of this era, with a charming breakfast nook, plenty of workspace and storage, and a pantry area leading out to the back door. A conveniently located half bath with its beautiful original tiled floor is found between the kitchen and living room. A wide staircase leads you up to the second floor, where you'll find a primary bedroom with deep walk-in closets on each side of the room. Down the hall and you'll find three more amply sized bedrooms, all with adequate storage. The back bedroom features a private covered outdoor balcony overlooking the backyard. You'll also find the archetypal 1920's full bathroom, replete with subway tile and a substantial pedestal sink. The finished basement area boasts a second fireplace, hardwood floors, built-in shelving, and a small kitchenette area. The mechanical area features laundry, an oversized utility sink, and another full bath. Finished attic for extra storage or play space. Private, shaded, and fenced backyard. Steps down the street you'll find a peaceful lakefront park with seating, pavilion, and playground. Easy access to Lake Erie, parks, shopping and entertainment, hospitals, and the highway. New boiler 2022. New hot water tank 2021.
Source: MLSNOW #5142236
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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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