2816 E Market St Warren, OH 44483
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About this home
Surround yourself in the elegant styling and profound potential within this remarkable Warren residence! A community staple, this turn-of-the-century estate sits prominently on its corner lot, showcasing its handsome brickwork; warmed by the midday sun. The wrapping driveway runs beneath an extended roofline awning for bespoke vehicle access, adding to the curb appeal as it transcends a four-car detached garage before finding common side street access. The main entry to the home finds covered patio space as overlooks the front yard and its tall, privacy yielding trees. A lattice window vestibule opens into a breathtaking living room where hard wood flooring flows out to find a casement lined mantle and inset fireplace. Tall windows veil soft, natural light through their venetian blinds. Nearby, the formal dining room offers elegant meal space beneath its shimmering chandelier. Sculpted archways mark the impressive kitchen and its cherry-colored cabinetry. Opposite, a pair of first floor bedrooms are divided by a tile lined bath. A wood trimmed, sunken family room completes the floor with a second fireplace and stairway access to the main upper suite. Upstairs, a colorful bath showcases a dual vanity as it offsets the expansive master bedroom. Meanwhile, the second staircase rises from the dining room and places you within a full secondary set of living accommodations to include a full kitchen, three bedrooms and an adjoining full bath. Storage, laundry and rec areas are located at the basement level.
Source: MLSNOW #5119758
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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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