35940 Matoma Blvd Eastlake, OH 44095
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About this home
Welcome to 35940 Matoma Blvd – A beautifully updated contemporary-style colonial with breathtaking views of Lake Erie and thoughtfully designed spaces made for modern living. This 4-bedroom, 2.5-bathroom home offers an open, sunlit layout filled with stylish updates and everyday comfort. Step inside to a bright, inviting living room that sets the tone with natural light and warm finishes. The fully renovated kitchen features granite countertops, ample cabinetry, modern lighting, included appliances, and a casual breakfast bar—flowing seamlessly into the dining area with access to a cozy rear deck. Upstairs, you’ll find the ample family room with its private balcony, an updated half bath, and a dedicated laundry area. All four bedrooms are generously sized, including a relaxing primary suite that enjoys serene lake views, a jetted soaking tub, and a walk-in shower. The second full bathroom is updated with double vanities and another walk-in shower for added functionality. Notable improvements include newer plumbing, a 2023 furnace and hot water heater, central A/C (2017), new garage doors, updated lighting, and attractive laminate flooring throughout. Outdoor living shines with a large deck perfect for entertaining or unwinding beside the electric outdoor fireplace. As a bonus, the property includes deeded access to a private beach and yacht club—plus docking privileges on the nearby Chagrin River—offering a unique lifestyle opportunity just steps from your door. Don’t miss your chance to own this exceptional lakeside retreat!
Source: MLSNOW #5134846
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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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