26 Thomaston Trl Springfield, OH 45503
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About this home
Step into timeless style and modern comfort with this beautifully updated Mid-Century Modern home in Springfield's highly sought-after Terra Cela Manor subdivision (no HOA). Nestled on nearly 1 acre, this property offers the perfect balance of privacy, charm, and convenience—backing directly to the Springfield Polo Club for a serene and scenic backdrop. Inside, you'll find thoughtfully renovated spaces blending classic architecture with today's modern amenities. The kitchen shines with new appliances, sleek finishes, and a reverse osmosis filtration system, while the bathrooms have been tastefully updated with contemporary design. A spacious third bedroom has been enlarged for extra comfort but can easily be converted back to its original four-bedroom layout, offering flexible living options for your needs. Enjoy durable luxury vinyl flooring throughout and peace of mind with a transferable Everdry basement warranty system. Outside, the expansive concrete patio provides the ideal setting for entertaining or simply relaxing in the quiet, tree-lined yard. Additional highlights include a three-car garage, utility shed, and plenty of room to spread out and enjoy the outdoors. Located within the Northeastern Local Schools district, this exceptional property combines the elegance of mid-century design with the reliability of modern updates—a rare find in one of Springfield's most desirable neighborhoods. Enjoy more unabridged nature just down the road at Buck Creek State Park - complete with marina, campground and year-round nature center! Come experience the perfect harmony of style, space, and setting in this one-of-a-kind home. Showings requests can be made through Showings.com.
Source: COLUMBUSOH #225039719
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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.