379 Midland Ave Columbus, OH 43223
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About this home
Welcome to this gorgeous home that offers so much. As you enter the home, you will love the large family room with beautiful windows and a large tv over the fireplace that stays! This home has a first floor master bedroom with beautiful windows and a large closet. The oversized kitchen is perfect for all of your entertaining needs and family meals. The first floor laundry is an added bonus to this home. Upstairs you will find a new full bathroom! Two large bedrooms as well upstairs with plenty of natural sunlight. You will love the full basement that offers so much including a NEW HOT WATER TANK, AND New installation in the attic. There is plenty of space for storage and if you finish the large basement you will add value and additional square footage! Enjoy the new basement stairs as well . This home has been freshly painted throughout, LVP flooring on main level, newer furnace, newer ac unit. Outside you will love the large fenced in yard along with a nice sized front porch to add your lawn furniture! MUST SEE this beauty to fall in love!
Source: COLUMBUSOH #225028639
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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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.