39 Pueblo Trl # 386 Unit 386 Malvern, OH 44644
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About this home
Looking for a change in lifestyle? Welcome to 39 Pueblo Trail. This unique lake home at Lake Mohawk, in Malvern, OH, offers beautiful lake views, three levels, and outdoor entertaining spaces. The Amish built pavilion is perfect for relaxing and enjoying the sights of water, sun and fun. The property has frontage on two streets and the lot is oversized 113' x 268',with plenty of privacy. Inside you'll enjoy the great room on main level with fireplace, dining area and access to a spacious deck. Extra wide staircase leads to the master suite that has private bath, walk-in closet, fireplace and loft area. Lower level offers walk -out, four season room, another bedroom, full bath and laundry area. This wonderful lake home has been well cared for and has had numerous improvements: Pavilion w/ metal roof and gutter with leaf guards in 2020. Metal roof on home in 2021. Main level deck and railing in 2021. Electrical panel with whole house surge protector in 2022. New flooring on main level and lower level in 2023. Updated two bathrooms and many other improvements. Lake Mohawk has 500-acre lake for boating (unlimited horsepower), swimming, fishing, tennis court, pickleball courts, clubhouse and baseball field. Separate membership available for golf course. Convenient to Akron, Cleveland and Pittsburg areas.
Source: MLSNOW #5168999
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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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