65 Frebis Ave Columbus, OH 43206
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About this home
Cape cod in Merion Village with 3 Bedrooms. Sq.Ft. is actually 1034.per previous appraisal. Rec room is approx. 274 sq,ft. Seller is offering buyer $5,000 towards closing costs. Hardwood floors, 2 bedrooms 1 full bath on 1st floor. 3rd bedroom & 1 full bath on 2nd floor with built in drawers. Detached 1 car garage. Kitchen has granite countertops & newer cabinets. Lower-level rec room with Queen size Murphy bed. Enjoy fenced backyard with patio and built in gas grill with gas line. 9/2025 new Breaker box with service lines. New Hot water heater in 12/2023 & dog door. 2020 new kitchen sink & faucet, refrigerator. 2021 New Bathroom faucet & hardware. 2021 new carpet in basement & light fixtures. New furnace installed in 2020. New gas logs in 2023. Age of roof unknown. 2 outdoor simple safe cameras , TV wall mount and surround speakers and console in basement will convey. Average Utilities 150 Electric month, 150 water 4x yr and gas 100 month.
Source: COLUMBUSOH #225034881
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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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