769 Summit Rd Marion, OH 43302
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About this home
Welcome home to this beautifully renovated 3 bedroom, 2.5 bathroom ranch in one of Marion's most desirable areas! From the moment you arrive, you'll notice the fresh exterior updates including NEW 6-inch black gutters, freshly painted soffits and fascia, NEW exterior door paint, freshly painted metal roof, NEW landscaping, freshly seal-coated driveway, NEW mailbox, NEW house numbers, and NEW exterior light fixtures. Inside, you'll find a spacious layout filled with modern upgrades. The heart of the home is the open kitchen, featuring ALL NEW soft-close cabinetry, NEW quartz countertops, NEW tile backsplash, NEW stainless steel appliances, and a peninsula with barstool seating that opens to the dining room. The humongous living room boasts refinished hardwood flooring and a decorative fireplace, making it the perfect gathering space. A first-floor laundry and convenient half bath add to the functionality of the home. The primary ensuite offers a generous closet, the second bedroom features two closets, and the third bedroom, tucked off the entryway, is cozy and charming with its own closet. Both full bathrooms have been FULLY RENOVATED with stylish finishes. Step outside to enjoy a covered porch that overlooks the fully fenced backyard with mature trees. The oversized one-car garage offers plenty of versatility with a large picture window, NEW garage door opener, and TWO NEW man doors. This home has been thoroughly updated, including ALL NEW ductwork, NEW furnace, NEW AC, ALL NEW electrical, ALL NEW water supply lines, mostly NEW drain lines, NEW water heater, NEW dryer exhaust to exterior, ALL NEW lights, switches, outlets, faucets, door hardware, hinges, and handles.There is also a NEW crawlspace access with a NEW plexiglass crawlspace window. Interior highlights include refinished hardwood flooring throughout with NEW tile in select areas, ALL NEW interior paint, some NEW trim and interior doors, and three NEW windows in the master bath, half bath, and garage.
Source: COLUMBUSOH #225033729
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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.