5843 Fairlawn Ave Hubbard, OH 44425
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About this home
Nestled in the friendly Hubbard Township, 5843 Fairlawn Avenue has been completely transformed into a stunning, move-in-ready home. This spacious one-story ranch blends modern luxury with thoughtful design, offering four bedrooms and three full bathrooms, plus a half bath in the full basement. Two generous primary suites are nestled at the rear of the home, each featuring walk-in closets and private en-suite bathrooms, one with a relaxing tub and tile surrounds, the other with a walk-in shower and sleek new fixtures. Two additional bedrooms at the front of the hall offer cozy retreat spaces complete with plush new carpeting and ample storage. The heart of the home is its bright, updated kitchen, boasting crisp white cabinetry, gleaming granite countertops, a tasteful tile backsplash, and brand-new vinyl plank flooring that flows seamlessly throughout the main living areas. Adjacent to the kitchen, the dining area, also ideal as an additional living space, enjoys higher ceilings and convenient access to the fully fenced backyard. First-floor laundry ensures practical daily living is effortless, and a small breakfast nook opens into a welcoming living room, enhanced by stylish, updated fixtures. The hallway bathroom features a walk-in shower framed by full tile walls, a double vanity, and brand-new flooring and toilet for a fresh, clean feel. Finally, this home rests on a beautifully maintained lot featuring vinyl siding, energy-efficient vinyl windows, a modern dimensional shingle roof, and a brand-new two-car garage. The property’s infrastructure is equally impressive, Forced Air Furnace with AC, with a well and septic system, water softener, and 200-amp electrical panel. Located in the highly rated Hubbard School District, this home combines impeccable renovations and thoughtful design with the peace of mind that comes from being in a quality community.
Source: MLSNOW #5135074
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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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