625 Bristol Champion Townline Rd NW Warren, OH 44481
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About this home
Discover a unique blend of spacious living and rural charm at this fantastic property located in the heart of the country. Nestled on over 3 acres, this charming 5-bedroom home offers ample space both inside and out, perfect for families, hobbyists, or anyone seeking room to grow. This spectacular home will have you wanting to entertain and stay home. The large family and dining room are perfect for family gatherings. Surrounded by natural light and many large windows, this private oasis is truly one of a kind. For those who like to cook there is ample counter space and a large island in this modern, open and clean kitchen. Working from home is easy as one of those 5 bedrooms could be used as an office. Mechanics, tradespeople, or anyone needing extra storage will be thrilled with the garage, sheds, and a substantial heated dream workshop! For larger get-togethers, family functions, football games and birthdays this home is sure to impress with its large lot and massive deck. Enjoy a morning cup of coffee relaxing in this rare private space or just chill after a long day at work! This home boasts numerous updates for your peace of mind, including a newer metal roof, vinyl siding, and updated windows, contributing to both curb appeal and efficiency. For all you Cleveland sports fans this beauty is only 60 minutes from First Energy Stadium, Rocket Mortgage Field House, and Progressive Field! Schedule your showing today before its gone!
Source: MLSNOW #5125112
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Close stress-free in 45 days, handled start to finish by Roam.
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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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.