1243 S Morristown Pike, Greenfield, IN 46140
3 beds · 3 baths · 1,932 sqft
COUNTRY LIVING AT IT'S BEST! This cute Cape Cod sits centered on .63 acres, offering a graciously-sized front yard & a large, fenced rear yard, as well as the joy that comes from having a bit of land & no HOA (or HOA fees, either!). Think: chickens, a swing set, gardens, a nice outbuilding, possibly a pool? What would you do with this much turf to call your own? Whatever your heart desires, you can probably have it here! Inside, the efficient design sports a main-floor primary bedroom suite, large living & family rooms & a smart kitchen layout + an oversized garage, while the upper floor offers two more good-sized bedrooms, another full bath + a small flex room for office, hobbies or storage. As you walk through, you're sure to be enchanted by the labor of love that has been invested in the trim package of this home, experienced first in the custom front storm door, and then observed in the handmade window/door & floor trim throughout. The covered front porch is ready for some colorful rockers and hanging ferns, while the large back deck is begging for a big ol' grill & some comfy furniture, maybe even a hottub. Hustle up to welcome summer with the keys to this fun opportunity, just outside of town, with low-maintenance vinyl, a roof circa 2012, and water softner/dishwasher & microwave installed in 2024. And she is priced to allow you the opportunity to add your own aesthetic choices in fresh paint & carpet in a few rooms. Please exclude the metal storage barn in the driveway. It will be removed prior to closing.
Source: MIBOR #22028994
All values shown are estimated costs / mo.
Source: Public records
Source: MIBOR #22028994
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.