Welcome to this beautifully maintained, move-in ready 4BR/2.5BA home located in the highly sought-after Hamilton Southeastern School District! Ideally situated near Mojo Training Center, Ruoff Music Center, and Hamilton Town Center, with quick access to SR-37 and I-69, this home offers both convenience and community amenities at your doorstep. Inside, you'll find a spacious open-concept floor plan designed for both everyday living and entertaining. The welcoming entry leads to a main-level formal living room, currently used as a home office/den, offering flexibility to suit your lifestyle. The light-filled Family Room flows seamlessly into an open breakfast area, creating a warm and inviting gathering space. The expansive kitchen is a true highlight, featuring stainless steel appliances, center island, breakfast bar, granite countertops, tile backsplash, and abundant cabinetry and counter space. The kitchen overlooks a stunning dining room with vaulted ceilings and lots of natural light. During warmer months, enjoy effortless indoor-outdoor living as the space extends to the backyard with an extended patio - perfect for relaxing or entertaining. Upstairs, a versatile loft provides additional living space ideal for a playroom, media area, or second office. The primary suite is a private retreat with a lovely tray ceiling and a beautiful en suite with a large walk-in tiled shower, double sinks, and a spacious walk-in closet. Three additional bedrooms, each with plush carpeting, ceiling fans, and generous closet space, share a second full bath. The laundry room is conveniently located upstairs, too, and is complete with utility sink and cabinetry. The oversized garage has a bump-out offering extra room for storage and organization. This home truly combines all of the best - space, style, and location - and is ready for its next owner to move right in and enjoy!
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.
