2172 Lyndway Rd Beachwood, OH 44122
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About this home
BRAND NEW FURNACE, A/C and hot water tank September 2025!! Move-in ready Beachwood Colonial with updated Kitchen and Baths! Spacious Living room with gleaming hardwood floors has fireplace with decorative hardwood mantel! Living room is in classic "L" shape with Dining room which also has hardwood floors plus granite serving/dining bar. Kitchen remodeled in 2016 offers beautiful granite counters, tile backsplash, ample Cherry cabinets, hardwood floors and newer appliances including double oven range, 2 sinks and 2 dishwashers. Oversized vaulted Family room is perfect for gatherings with a lots of windows, and sliders opening to the full length back deck with pergola, great for outdoor entertaining! Convenient Office/Den or possible bedroom and updated Half Bath complete the first floor. Second floor offers three expansive bedrooms with hardwood floors and ample closet space. Master suite includes updated en-suite Full bath with step in shower. Full bath in hall has convenient shower over tub. Finished Rec Room with paneling in Lower level has newer LVT floors! Unfinished basement side has mechanicals and laundry, plus lots of storage. Deep lot (224 feet in length) is great for outdoor activities. Partial B-Dry basement! Beachwood amenities include Walking Trails and Dog Park, Aquatic Center and New Playground, shopping, dining and highway access. Award winning Beachwood Schools! Best Beachwood Value!
Source: MLSNOW #5119916
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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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.