9145 W Us Route 36 Covington, OH 45318
Your savings
About this home
Back on the Market due to buyer financing! Their loss, your gain. This beautifully updated four bedroom, two bath home offers the perfect combination of modern finishes and peaceful country living. Situated on 7.5 scenic acres, this property provides both open space and wooded privacy. The home features numerous updates throughout, including new flooring, fresh paint, brand new windows, and new interior and exterior doors. The new board and batten siding adds to the home’s curb appeal, giving it a charming farmhouse feel. Inside, the open and inviting floor plan offers plenty of natural light and picturesque views of the surrounding landscape. Outside, the property truly shines. A separate pole barn with a horse stall provides excellent space for livestock or storage. Approximately two acres are ready to be fenced for pasture, offering great potential for horses or hobby farming. The remaining wooded acreage provides privacy and is ideal for outdoor recreation or hunting. A creek runs along the back of the property, adding to the natural beauty and tranquility of the setting. This property offers an ideal opportunity for anyone seeking space, privacy, and a move-in-ready home with endless possibilities.
Source: DAYTON #944820
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.