229 Shiawassee Ave Fairlawn, OH 44333
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About this home
Welcome home to this rare 1993-built Colonial in desirable Fairlawn! The oversized living room features a beautiful gas fireplace and opens seamlessly to the fabulous eat-in kitchen, complete with stainless steel appliances, cherry cabinetry, and generous counter space. Sliding doors lead to a spacious deck and large backyard?perfect for entertaining. Enjoy formal gatherings in the lovely dining room. Upstairs, the primary suite offers a private bath with a jetted tub, separate shower, and a walk-in closet. The updated main bath features a skylight that fills the space with natural light. All bedrooms are nicely sized with excellent closet space. Laundry is conveniently located on the second floor but can easily be converted back to the lower level if desired. The partially finished lower level includes three storage rooms and plumbing for an additional bathroom?ideal for future expansion. Relax outdoors on your private deck, patio, or the charming front porch. The extra-deep two-car garage and there?s even more storage in the backyard shed. UPDATES: 2018 Main floor flooring, sliding glass door, B-Dry System in attic, trees trimmed and removed, glass block windows and backyard fence, 2020 new toilets and roof, 2021 Hot water tank and new furnace. (Age of central air 2015), 2025 Front door, freshly painted interior, refrigerator. Previous owners installed B-Dry basement waterproofing in 2006 and there is a transferable warranty. Conveniently located near local and Metro Parks, expressways, shopping, and dining?this home truly has it all! Call your realtor today!
Source: MLSNOW #5170939
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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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