Location, Elegance & Ease! This 3 bed, 2.5 bath in highly-coveted Saxony is a show-stopper! With custom upgrades throughout, this one-owner 2019-build is sharp & practically brand new. Main level boasts an immaculate kitchen w high-end appliances, SS Farmhouse Sink, upgraded cabinetry, gas range & a beautiful white quartz island over 9ft long! Upscaled LVP flooring & 10ft high-ceilings thru the spacious kitchen-living rm-dining area give way to the 2 car garage that comes w an EV charger! A good-sized powder rm & pantry round out the main level. Stairs & second floor guest bedrms boast luxurious carpet (purchased separately/not builder-grade) while the hall & Primary En Suite maintain LVP. 9ft ceilings throughout give the 2nd level a grand feel. Jack'n'Jill between the guest bedrms features a raised vanity & shower/tub. The expansive 20x12 Primary Bedroom w south-facing windows (like the living rm below) is the perfect space to unwind enjoying abundant natural light. The 11x9 closet is practically a 4th bedrm while the 17ft long Primary Bath features an elegant double basin vanity & titled/glass shower. Dreams come true on the 3rd floor featuring 9 windows on 3 sides and at 20x19 (w a separate 9x5 closet) could serve any # of uses! A fitness rm, theatre rm, office space, game rm...the options! Meticulous/intelligent owners prepared the next owner for success w a Reverse Osmosis system, upgraded CAT 6A cable thru the entire home & multiple Ubiquiti high res, night vision, AI cameras outside...this home is tech'd up! Saxony has it all - Pool, Parks, Playgrounds, Ponds (fishing/kayaking), a rentable event space, Donut shop, Dentist, Gym, Pizzeria & a Post Office! Close to I-69, Geist, Waterfront Park, Hamilton Town Center, 116th & Olio (shopping/dining), Ruoff Music Center, 2 Hospitals, multiple groceries, & the new Target! Short drive to IKEA, Top Golf, Fishers District & Downtown Fishers! It's all right here! Very generously-priced, Seller must sell. Come quickly!
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.
