Don't miss This incredible Fishers home ! Located in the popular Sedona subdivision in a corner lot. Inviting front covered porch. Vaulted entry ceiling. Updated LVP floors throughout the main level welcomes you in and continues throughout the entire main level. This meticulously maintained 4- generous sized bedrooms and 2.5-bathroom that offers modern comfort and timeless elegance. The adjacent bonus room in the main floor can be enjoyed as additional open space or a private office, playroom , entertaining room etc. . The main level is perfect for luxury living , featuring a spacious open-concept layout, a formal dining room. Gas log fireplace serves as spotlight of the cozy family room, and tons of natural light. Huge eat in kitchen with a nice island plenty of storage and an extra coffee corner which add a convenient extra space. Loft and primary suite. Upstairs, the expansive primary suite impresses with a luxurious suite bathroom and an oversized walk-in closet. Enjoy a huge Owner suite including a double vanities and a tiled walk-in shower. A versatile loft area and a convenient laundry room complete the upper level. Step outside to a large concrete stamped patio with a fire pit, perfect for outdoor gatherings, and enjoy a well-maintained backyard . All of this in a convenient Fishers location! Newley installed HVAC , water heater, microwave and fridge and garage door opener . Washer and Dryer are included for your convenient. Sellers are building a new home with completion date of April/ May. New buyer need to close accordingly or seller can lease back the property.
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.
