31 Cherokee Dr Girard, OH 44420
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About this home
Welcome to 31 Cherokee Drive tucked in a quiet cul-de-sac in a desirable Girard neighborhood! This spacious and well-maintained home offers versatile living areas, plenty of natural light and a fantastic backyard retreat! The front entrance offers a loft foyer that overlooks the great room. To the left there are two generously sized bedrooms and a full bathroom with a skylight providing natural light while still offering privacy. To the right there is an oversized master suite complete with a full bathroom, large walk-in closet and a private balcony. Descending to the lower level you will enter the great room with high ceilings and oversized windows that offer a spectacular view of the wooded back yard. The dining area is currently being used as a home gym and has also been used as a theater room. The kitchen comes well equipped with stainless steel appliances including a 5-burner cooktop, double oven and breakfast bar. The lower level also offers a laundry/utility room, a half bath and bonus room with deck access that can be used as a bedroom or office. The back deck is a great place to relax, unwind and enjoy an evening in the hot tub under the stars. The wooded back yard offers both beauty and privacy. The spacious attached garage has parking for two and room for storage or a workspace. This lovely home is just minutes from parks, shopping, schools as well as the highway- a perfect balance of convenience and charm! Schedule your showing today!
Source: MLSNOW #5139857
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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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