4748 Black Sycamore Dr Columbus, OH 43231
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About this home
Welcome to 4748 Black Sycamore Drive, a beautifully maintained 3-bedroom, 2-story home situated on an oversized corner lot in the desirable Minerva Park neighborhood. The main floor features an open-concept kitchen & living area, along with a flex den/office, mudroom, & half bath. The kitchen is outfitted with stainless steel appliances, tile backsplash, center island, & abundant cabinetry & counter space. Upstairs, you'll find 2 guest bedrooms, a spacious & versatile loft (which could be converted into a 4th bedroom), a full guest bathroom, a convenient laundry room, & a large primary suite complete with a dual-sink vanity, tiled shower, & walk-in closet. With its high ceilings, the unfinished basement provides excellent storage and home gym space, and could easily be finished into a rec room. You'll love enjoying time with family & friends on the beautiful stamped-concrete patio in the fenced backyard. This home offers a functional floor plan, desirable features inside & out, & NO HOA—plus Westerville Schools and Columbus taxes!
Source: COLUMBUSOH #225040781
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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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