646 Kennedy Dr Mansfield, OH 44904
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About this home
Welcome to this beautifully remodeled single-family home offering 3 bedrooms, 1 full bathroom, and 1700 sq ft of comfortable living space. It is ideally located in the Lexington Education District and situated only one block from Mansfield Christ. Sch. Step inside to discover recent upgrades, including beautiful brand new windows, new lighting and flooring, adding a modern warmth, and a new kitchen that lends to a spacious layout. The live edge bar-top overlooks the family room making for great times watching OSU football games! The family room is equipped with a color-changing electric fireplace that will set the mood and keep you warm. White walls serve as an excellent blank canvas for creating the perfect home interior, allowing for flexibility and personalization. The updates continue with a new hot water heater, and a completely new, remodeled bathroom. This home also includes a large finished basement with a wood burning stove for those cold winter days! The downstairs has a large utility room and tons of storage, which also include a 12' x 16' shed outside! Drive up your freshly paved driveway into your extra-long, one car garage or park underneath the carport. Outside you will find the home sits on over an acre of land surrounded by nature. Sit at the fire-pit as you watch the deer pass through or relax on your 36' x 16' deck listening to the birds chirp as you drink your morning coffee. Don't miss your chance to own a move-in ready home at an incredible price!
Source: COLUMBUSOH #225030787
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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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