3161 Dayton Rd Springfield, OH 45506
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About this home
Adorable country home with character, charm, and thoughtful updates throughout. This well-maintained 3-bedroom property is the perfect blend of modern convenience and cozy comfort, situated on a spacious ½ acre lot in the highly sought-after Greenon School District. From the moment you arrive, you'll appreciate the inviting curb appeal and welcoming front porch that sets the tone for the rest of the home. Step inside to find an updated kitchen and bathroom, offering a move-in ready feel with fresh finishes. The layout is practical yet inviting, giving you plenty of options to arrange your living spaces to fit your lifestyle. Each of the three bedrooms provides comfort and flexibility, whether you need sleeping space, a home office, or a guest room. The full basement is a standout feature, offering excellent potential to nearly double your living space. Whether you envision a rec room, home gym, workshop, theatre room, or additional storage, the possibilities are endless. This bonus square footage ensures the home can adapt to your needs for years to come. Outside, the oversized 2.5-car garage provides ample space for vehicles, hobbies, tools, and storage. The half-acre lot gives you plenty of outdoor space to enjoy, whether you're gardening, entertaining, or simply relaxing in the quiet country setting. The location is another highlight. Nestled in a desirable rural area, this home offers the peace and privacy of country living while remaining convenient to schools, shopping, and commuting routes. Being in the Greenon School District adds to the appeal, making this a property you won't want to miss. This home truly has it all: charm, updates, space, and location. With its blend of modern touches, functional extras, and country comfort, it's ready for its next owner to move right in and make it their own. Don't miss this opportunity to enjoy quiet country living in a well-loved home!
Source: DAYTON #944278
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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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