250 Vineyard Rd Avon Lake, OH 44012
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About this home
Welcome to this beautifully updated ranch home in the highly desirable Vineyard Beach community of Avon Lake. Offering 4 bedrooms, 2 full baths, & over 2,000 sq ft of finished living space, this residence blends comfort, function & convenience. Built in 1956 and thoughtfully remodeled, the property showcases modern updates while preserving the character of its original design. The inviting living room greets you with warm hardwood floors, a large window, & an open feel that flows naturally into the kitchen and dining space. The eat-in kitchen features ceramic tile flooring, laminate counters, a pantry, and updated appliances, making meal prep & entertaining both easy and enjoyable. Three bedrooms and a full bath are located on the main floor, each with hardwood flooring, while the finished basement adds incredible living potential. Downstairs you’ll find a spacious recreation room, game room, laundry area, utility room, full bathroom, and a fourth bedroom, perfect for guests, extended family, or a private office. The landscaped lot is 70x120 and offers a fenced backyard, ideal for pets, children, or gatherings. A two-car detached garage, paved driveway, and on-street parking provide flexibility & convenience. Updates include newer roof, energy-efficient windows, modern lighting, updated HVAC, and energy-conscious appliances for peace of mind. Central air, ceiling fans, & plenty of storage add comfort throughout the home. Located in a walkable neighborhood with sidewalks, curbs, and streetlights, this home is just minutes from Lake Erie, parks, schools, shopping, dining, & commuter routes. Avon Lake is well known for its award-winning schools and welcoming community atmosphere. Whether you’re searching for your first home, looking to downsize to single-level living, or need a versatile floor plan with extra finished space, this property is a wonderful opportunity. Move-in ready, well-maintained, and full of possibilities, 250 Vineyard Rd is ready to welcome you home!
Source: MLSNOW #5156654
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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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