Welcome Home to Willowbrook Estate! This beautiful tri-level traditional home offers 2,408 sq. ft. of living space on a spacious 3/4-acre lot in the desirable Willowbrook Estate subdivision. Built in the 1980s, this well-maintained residence blends classic charm with thoughtful modern upgrades. Step inside to find 3 large bedrooms and 2.5 bathrooms, including a serene master suite with a full-size whirlpool tub and separate shower. Additional full and half baths offer convenience for family and guests. The heart of the home is a large, updated kitchen featuring newly refaced cabinets, quartz countertops, and beautiful bay windows overlooking the landscaped backyard and patio. The kitchen opens to a cozy family room with a gas-ignited or wood-burning fireplace, perfect for gatherings and relaxing evenings. A separate dining room and spacious living room offer added comfort and flexibility. A practical laundry room with cabinet storage adds convenience and organization. Enjoy outdoor living on the large patio, ideal for BBQs, movie nights, and various outdoor activities. A dedicated dog run on the side of the home provides a safe, convenient space for pets. The manicured landscaping with lighting enhances curb appeal and creates a warm, inviting atmosphere. Recent Upgrades Include: *New roof and gutters, * New radon system, * Underground ejection pump, * Backup battery and alarm on sump pump, * Landscape lighting with timer, * New screen doors, and * New flooring. Additional conveniences include school bus pickup right in front of the home, making mornings easy for families, and the Indiana state line just 5 minutes away, offering quick access to commuting routes, shopping, and entertainment. For everyday convenience, US 41 is only 20 minutes away, providing great shopping and dining options. Completing the home is an attached 2-car garage with a gable roof and modern pitch, all wrapped in a timeless brick and siding exterior with a classic symmetrical front and center entrance. Don't miss your chance to make this beautifully upgraded Willowbrook Estate home yours!
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.
