38 W 8th St Newton Falls, OH 44444
Your savings
About this home
This Colonial in Newton Falls is a must-see. Step inside from the inviting front porch into the welcoming foyer, where a large window, two closets, and a full bathroom set the tone. From here, you can enter the spacious living room through one of two glass-paneled doors. This room features a beautiful brick fireplace, currently set up for gas but easily convertible back to wood burning, an original built-in wooden bench, and elegant French doors that open to the dining room. The dining room flows into a large covered side porch, perfect for family gatherings or quiet evenings outside. The kitchen comes equipped with appliances, ample cabinet space, and convenient access to a side entrance for quick grocery drop-offs and easy access to the garage. Upstairs, you’ll find three well-appointed bedrooms, all with closets, along with a full bathroom and a large hallway closet for additional storage. The full basement offers plenty of space for storage, two laundry room options with both gas and electric hookups, updated mechanicals, and a newly upgraded electrical panel in 2024. The basement has also been previously waterproofed, giving you peace of mind. Outside, the property includes a garden shed, a two-car detached garage with electricity and an automatic opener, and a partially fenced yard perfect for pets. There is still plenty of open space for kids to play or evenings around the firepit. Other highlights include soaring 10-foot ceilings, original hardwood floors and trim throughout and abundant natural light from the many windows. The location is just as special. You are only steps from the river, a few blocks from a neighborhood park, less than half a mile from Newton Falls Waterfall and historic downtown, and about a mile from the Community Center, basketball courts, and baseball fields. Set in a quiet, friendly neighborhood, this home perfectly blends character with modern updates. Don’t miss this amazing opportunity and schedule your private showing today!
Source: MLSNOW #5154188
Loan details
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
If you find a better price on any home, we’ll match it.
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.