Why wait for a builder when you can own a residence that has already been perfected - this one has all of the upgrades a builder cannot match! This isn't just a house; it's a high-performance estate where every luxury-from the motorized window treatments to the epoxy-coated garage floors are already in place. The heart of the home is the dramatic main level. Anchored by the great room defined by soaring ceilings and a flood of natural light. Toggle the atmosphere at the touch of a button with integrated motorized blinds or set the mood with the glowing gas log fireplace. The floor plan flows seamlessly into a chef's culinary suite, featuring stainless steel appliances including a gas range, double ovens, built-in microwave, dishwasher and garbage disposer. Expansive quartz countertops paired with a tile backsplash. A center island/breakfast bar overlooks the dining room and great room, ensuring the chef is always a part of the conversation. Rounding out the main level is the private office with adjoining half bathroom. This home features a sophisticated "split" layout for ultimate privacy. In the primary retreat discover dual vanities, a full walk-in tiled shower, and dual walk-in closets with custom built-ins The guest master suite offers all the ensuite amenities with incredible flexibility - currently utilized as a high-end exercise room. The upper level boasts three additional bedrooms, all featuring plush new carpet sharing a full bathroom. One bedroom is currently optimized as a secondary home office. Descending to the lower level reveals a true "stay-cation" destination. The home cinema includes a 120"projector with surround sound for the ultimate movie night. Retreating to the recreation room you can relax by the electric stone fireplace for games, lounging, or entertaining. Enjoy outdoor living hosting events on the expansive paver patio & fire pit. All this conveniently located between Brownsburg/Avon dining, shopping & five star school system.
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.
