6306 Mentor Park Blvd Mentor, OH 44060
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About this home
This spacious 4 bedroom Colonial offers the perfect blend of comfort, style, and function. Step inside to find a bright, freshly painted interior ('25) with all new flooring ('25) throughout, giving every room a crisp move in ready feel. The main level features generous living room with a new Bay Window ('22), refreshed dine in Kitchen with new refrigerator ('24), dishwasher ('25) and microwave ('25), laundry room and a convenient half bath for guests. Upstairs, you’ll find 4 nicely sized bedrooms and two full baths. The Master bedroom includes one full bath, a full wall of closets, built in bookshelves and a possible 5th bedroom perfect for a nursery room or extra walk in closet. Car lovers and hobbyists will appreciate the attached garage plus an additional detached garage, providing four total parking spaces and plenty of room for storage or a workshop. Enjoy outdoor living on the back deck overlooking a large, beautiful large lot—perfect for entertaining, gardening, or simply relaxing. Located in one of the most desirable neighborhoods within the Mentor School District, this home combines privacy, space, and a prime location close to shopping, parks, and Lake Erie. Don’t miss the chance to make this move-in-ready colonial your next home!
Source: MLSNOW #5162146
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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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