2868 Aaron Dr Medina, OH 44256
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About this home
WELCOME HOME! This attractive 3-4 Bedroom colonial is available for IMMEDIATE POSSESSION! 2,287sq.ft. of finished living space is just waiting to meet your personal needs. The great room floor plan with gas fireplace will keep you in touch with all the home's activities The updated and remodeled kitchen offers expansive counter space and cabinetry with pull-out, soft close drawers, pantry, accent lighting, newer appliances, and island and beautiful LVT flooring that flows throughout the 1st. floor. The 1st floor laundry room has gas and electric to meet your preferred service. The 28x22 owner's suite is massive with 2 walk-in closets, a special 12x10 area with built-in entertainment space to enjoy as you please. The owner's bathroom features an oversized soaking tub and the commode and shower are in a private space of their own which is quite nice. NEWER UPDATES include: Roof, H20 Tank, Windows, Refrigerator, Dishwasher, Newly stained deck and storage shed, and a French drain. The newly paved walkway to the rear decking is very inviting. SPECIAL FEATURES: Include: an automatic Sun setter-Style awning over decking, an 11x11 1st. floor office, 20x17 rec room in lower level with brick tile flooring, mini fridge, and dry bar with 6 stools. An insulated 13x11 area of the basement would be amazing as a game room or work-out space. There's even a room with large wooden shelving and would be perfect for your bulk shopping supplies! Located mere moments from I-71/77 and Fairlawn/Akron & Strongsville malls. Everyday shopping, restaurants, Medina Square, schools and churches are nearby. Check out the 120ac. county park that is a 10 minute walk where you can enjoy fishing at the 3ac. lake. A playground and paved walking trails (w/storybook features) are wheelchair accessible. There's even a 6ac. dog park with 5' high fencing for your loved ones to wander and play. Call today to learn how this great property can become you new home!
Source: MLSNOW #5151640
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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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