If you've been dreaming of a home that works for you instead of the other way around, this one checks every box. Tucked into the coveted Crooked Bend neighborhood, this beautifully updated paired patio home is the kind of place you can lock the door, head to your winter home, hop on a flight, or simply live your life without a single worry about what's happening back at the house. At just $50/month, the HOA covers lawn care & snow removal. Plus an irrigation system keeps everything looking its best. That's it. No weekends lost to yard work, no scrambling to find someone to plow the driveway. Just easy, carefree living in a home meticulously cared for by its original owners. Step inside and you'll immediately feel the difference that thoughtful updates make. Newer engineered hardwood flooring, vaulted ceilings, and large windows dressed w/ custom plantation shutters and window treatments create a space that feels warm, polished, and effortlessly elevated. The dual-sided fireplace opens to both the living room & breakfast nook - a true focal point that sets the perfect mood on a crisp Indiana evening. The two full bathrooms have been updated w/ stunning vanities & fixtures from Restoration Hardware, and the cohesive RH lighting throughout the home gives every room that curated, designer feel you'd expect to find in a much more expensive property. The sunroom is where you'll want to start your mornings - coffee in hand, overlooking a serene pond view that never gets old. When the weather calls you outside, the 20x20 paver patio is perfect for entertaining or simply soaking in the peaceful surroundings. The layout is smart & flexible. The main level covers all day-to-day living, while the upstairs bonus room works beautifully as a guest bedroom, home office, or recreation space. All kitchen appliances included. Move-in ready from day one. Whether this is your full-time residence or your home base between adventures, this is low-maintenance living done beautifully.
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.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
