22399 Township Road 1203 West Lafayette, OH 43845
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About this home
Fantastic 3 bedroom, 2.5 bath vinyl sided home. Move in ready with over $45,000 in improvements in the last year. New beautiful hardwood floors with crown molding on the main level. New brick Viking fireplace insert in the living room. Updated kitchen features new breakfast bar, pantry, granite counters and slate appliances. Sliding glass doors in the dining room lead to the spacious 23 X 10 covered back porch. Slate floors featured in the main floor laundry and half bath. His and hers closets in the master bedroom with ceramic tile floors in the master bath. 2 car attached garage. 200 amp electric. Vinyl thermo replacement windows throughout. Freshly graveled driveway. Nearly half acre, tastefully landscaped property with "L" shaped 12 X 36 vinyl deck. Well maintained, must see home with scenic country views. HOA fee of $30 per month covers the shared well maintenance and street lights.
Source: MLSNOW #5130703
Neighborhood
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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.