5765 Maplegrove Ave Louisville, OH 44641
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About this home
Welcome to this well-maintained ranch home that combines comfort, space, and the best of country living. Featuring three bedrooms and two full bathrooms, this home has been lovingly maintained and is ready for its new owner to call it home. As you step inside, you'll be greeted by a bright and welcoming living room filled with natural light, an ideal spot to relax or spend time with loved ones. The kitchen offers stainless steel appliances, light wood cabinetry, and plenty of room for meal prep and gathering. The adjoining dining area opens directly to a spacious back deck with a charming gazebo, perfect for outdoor dining or entertaining. The fenced-in backyard is a great space for kids, pets, or hosting summer get-togethers, and it includes an above-ground pool for cooling off on hot days. The partially finished basement adds even more potential, with room to create a home gym, office, playroom, or additional living space. Set on two acres, this property offers both privacy and versatility. It is currently being used as a small horse farm, complete with a 30x40 barn that features four 10x12 stalls, a finished tack room, water, electric, and a run-in shed. Whether you choose to continue using it as a farm or convert it back to open yard space, the options are endless. With a peaceful setting, functional layout, and so many indoor and outdoor features, this property is a rare find. Schedule your showing today!
Source: MLSNOW #5166272
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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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