10194 E 900 N, Markleville, IN 46056
3 beds · 2 baths · 2,097 sqft
Get a free consultation call with an expert in the mortgage assumption process.
This beauty sits back off the road on over 10 acres, with fruit trees & grape vine, garden area, creek, start of kids fort in the very back, firepit and sitting area out at the very back of parcel, 2 year old salt water pool with wood deck surround (pool has a heavy duty cover & a new liner). You are welcomed by a covered front porch then in to a foyer area open to Great Room & formal dining area which flows into the eat in kitchen with a breakfast bar. Range, Fridge, Dishwasher and Microhood included. Cozy up to the fireplace in the great room this time of year or step out to the covered back patio in the warmer months. Split bedroom floorplan has two beds and a full bath on one side of home with primary bedroom on the other side of home. Primary has a huge bathroom with step in shower, separate garden tub, double sink vanity and a walk in closet. Laundry room has a sink & cabinets for extra storage. The barn is finished on inside, has a workbench built in, has a heat source & it's own half bath. There is a lean-to on the side of building for additional storage. There is finished shed: SHE shed? HE shed? Office? Crafting space? Use how you'd like. This sits out near the driveway. Home sits regally elevated from the road, overlooking the creek area. This full brick home has been well maintained, has loads of parking space and is looking for a new owner. Possession at closing. Property City is Wilkinson zip 46186. Taxpayer info is Markleville zip 46056.
Source: MIBOR #22018058
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: MIBOR #22018058
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.