981 Eagle Run Dr Dayton, OH 45458
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About this home
Enjoy picturesque golf course views and $75,000+ in thoughtful updates in this stunning Rhodes-built home at The Terraces at Yankee Trace. Positioned behind the tee of the #4 hole on the course, this home captures the beauty of the fairway without the worry of stray golf balls. With no homes across the street, you'll love the rare sense of privacy this premium lot provides. Inside, discover one of the community's most spacious and flexible floor plans featuring up to five bedrooms and four full baths. The main level offers a beautifully equipped kitchen, multiple walk-in closets, and a convenient laundry room. A current study area was originally designed as a bedroom, giving you versatile options for guests, family, or a home office. The walkout basement includes two large bedrooms, each with its own ensuite bath, plus a bright living area and a stylish bar for entertaining. Major upgrades include a new roof (2024), new HVAC (2023), new range and microwave (2024), garage cabinetry with countertop workspace, and luxury vinyl plank flooring throughout the lower level. Step outside to enjoy your expansive deck overlooking the golf course or take advantage of the amenities that Yankee Trace residents love: two swimming pools (one just a block away), tennis and pickleball courts, a clubhouse, and scenic walking and biking trails. The HOA fee of $167/month covers mowing, edging, and community amenities for easy, low-maintenance living. At $172 per square foot, this home represents an incredible value for The Terraces at Yankee Trace. Schedule your private showing before it's gone!
Source: DAYTON #946146
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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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