8225 Georgetown St Louisville, OH 44641
Your savings
About this home
Prepare to fall in love with this beautiful brick colonial, perfectly set back from the road on 6.4 private acres in Louisville City Schools! Surrounded by open views, this 5 bedroom, 2.5 bath home offers 3,302 square feet of living space in a peaceful country setting. A two story foyer welcomes you inside, opening to a bright great room with soaring ceilings and a fireplace framed by tall windows. The kitchen is equipped with stainless steel appliances, a center island, and plenty of cabinet space, while the adjoining dining area and vaulted sunroom provide inviting spaces to gather. A formal dining room with a tray ceiling sets the stage for holiday meals and special celebrations. Two of the home’s bedrooms, including the primary suite, are located on the main level. The suite features a spacious walk in closet and a private bath with twin vanities, a jetted tub, step in shower, and a separate commode room. A half bath and laundry room complete the first floor. Upstairs you’ll find three additional bedrooms with generous closets and a full bath. The full unfinished basement is ready to be customized for your needs, whether you envision a rec room, theater, or fitness space. Outdoors, you’ll appreciate the oversized 3 car garage, extended driveway, and large patio overlooking wide open views. Enjoy the best of both worlds with a private country setting, all while being just minutes from schools, shopping, and town conveniences. Schedule your showing today! Agent owned-Property is not owned by the listing agent.
Source: MLSNOW #5166578
Loan details
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
If you find a better price on any home, we’ll match it.
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.