1833 Franklin Ave Columbus, OH 43205
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About this home
CLASSIC AMERICAN FOURSQUARE in the heart of Historic Olde Towne East, just two blocks from FRANKLIN PARK and the iconic FRANKLIN PARK CONSERVATORY. Perfectly situated minutes from the vibrant East Market and its array of restaurants, bars, and coffee shops, this beautifully maintained home sits high on a PICTURESQUE STRETCH OF FRANKLIN AVENUE surrounded by mature landscaping and highlighted by a sweeping front porch. Inside, a welcoming center hall is flanked by glass-paneled French doors leading to formal living and dining rooms, with the spacious living room spanning the depth of the home and featuring a cozy gas fireplace. A clever reconfiguration of space adds a BONUS PANTRY AREA AND half bath where the original kitchen once stood, while the MODERN KITCHEN now boasts abundant cabinetry, granite countertops, bar seating, recessed lighting, and stainless steel appliances including a gas range with double oven. Upstairs are three bedrooms with RICH DARK HARDWOOD FLOORS, one with a walk-in closet and private access to the beautifully updated guest bath featuring a clawfoot tub, tiled floors, and a glass walk-in shower. A SUNNY BONUS ROOM at the back offers the perfect spot for a gym, art studio, or home office. The EXPANSIVE THIRD FLOOR serves as a private owner's suite with its own HVAC system, recessed lighting, generous natural light, dual vanities, a walk-in shower, and a large walk-in closet. The FULLY FENCED BACKYARD is a private oasis with a LARGE PAVER PATIO, mature trees, and a detached TWO-CAR GARAGE. ADDITIONAL UPDATES include NEWER WINDOWS, a BRAND-NEW ROOF (2023), and an exceptionally well-maintained basement. Offering the PERFECT BLEND OF HISTORIC CHARM AND MODERN LIVING
Source: COLUMBUSOH #225038244
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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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