7607 Palmer Rd SW Reynoldsburg, OH 43068
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About this home
This fully renovated ranch offers the perfect blend of modern updates and tranquil semi-rural living just beyond the city limits. Situated on nearly half an acre, the fenced backyard provides both privacy and functionality, featuring a spacious deck and gazebo ideal for relaxation or entertaining. Natural light fills the open-concept floor plan, flowing seamlessly from the family room to the contemporary eat-in kitchen. Three generously sized bedrooms provide ample closet space, including a large walk-in closet in the primary suite. The main living area is anchored by a dual-fuel fireplace (wood + gas), while a clean, partially finished basement includes a dedicated home gym. Designed for convenience, this home features a heated 2.5-car garage with an insulated door, new opener, epoxied floor, and overhead/wall-mounted storage. A large first-floor laundry room boasts an oversized utility sink, while upgraded attic insulation and a vapor-sealed crawl space with a dehumidifier enhance the home's energy efficiency. Recent updates include new flooring, lighting, appliances, energy-efficient windows, and exterior doors. Like new hardwood flooring underneath carpeted areas. Air ducts were professionally cleaned in September 2024, and the driveway is power-washed and sealed annually. Located just minutes from parks—including Blacklick Metro Park—as well as shopping and dining options, this well-maintained home offers an exceptional balance of comfort, efficiency, and privacy, with excellent access to major highways. Showings require a pre-approval letter or proof of funds. Don't miss this opportunity to own a thoughtfully updated home in a peaceful setting. A pre-sale inspection has been completed.
Source: COLUMBUSOH #225015501
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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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