8703 Prairie Grass Ln Mentor, OH 44060
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About this home
Welcome to this wonderfully sophisticated ranch-style home, located in highly sought-after Villages of Marshview Landing. This home has been meticulously maintained and is completely turn-key. Built in 2007 by Dawson Homes, this quality crafted home boasts 3 bedrooms (3rd bedroom has no closet) and 2 full bathrooms. You're sure to love the beautiful hard-wood flooring in the entryway, living room, dining area and kitchen. The open-concept living and kitchen/dining space, with it's vaulted ceilings and attractive gas fireplace, is perfect for a quiet night at home or entertaining family and friends. The kitchen features striking granite countertops, sleek black appliances, and a generously sized pantry. The primary bedroom is a private retreat featuring a custom tray ceiling and plenty of natural light. The ensuite master bathroom boasts dual sinks, a shower, garden tub and separate water closet. The walk-in closet is also found off the primary bathroom. The laundry room is conveniently located on the main level. The expansive full basement has been tastefully finished with LVT flooring and a carpeted living space. There is also plenty of room for storage. BONUS POOL TABLE INCLUDED! Outside, the backyard boasts a gorgeous low-maintenance brick/stone patio that overlooks one of the lovely neighborhood ponds. Enjoy the convenience of the built-in irrigation system during the summer months. The HOA takes care of your weekly lawncare, trash removal, snow plowing and more! Don't wait until winter arrives to come take a look at this gem!
Source: MLSNOW #5167708
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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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