**The All-Inclusive "Ranch in the Sky": Guaranteed Predictable Luxury Living** Discover the unparalleled ease of maintenance-free, high-rise living in this expansive 2,450-square-foot condominium, perched on the 11th floor of the prestigious Tarkington Tower at 4000 N Meridian St. Facing East and North, this residence offers sun-drenched, panoramic treetop views and the generous volume of a traditional home paired with the ultimate convenience of a secure, vertical lifestyle. **The Financial Advantage: Your HOA as an Asset** For the discerning buyer who prioritizes convenience and risk mitigation, the comprehensive $1,950 monthly HOA fee functions as a powerful asset. It provides true "lock-and-leave" peace of mind by covering virtually every operational expense: * **Zero Utility Bills:** Your fee completely covers heating, cooling, water, sewer, trash, premium cable, and high-speed internet. * **Hotel-Level Security:** Enjoy the safety and convenience of dedicated 24/7 concierge and security staff. * **Guaranteed Financial Stability:** The association fees are meticulously structured to maintain robust capital reserves, providing a documented mechanism specifically designed to prevent future special assessments. Invest with confidence, knowing your long-term financial liabilities are fixed and predictable. **Unmatched Amenities & Location** Beyond the walls of this stunning unit, Tarkington Tower provides a comprehensive suite of luxury amenities. Residents have access to a fully equipped gym, a refreshing community pool, and a dedicated dog park. For those who love to entertain at scale, the building features an exceptional community room capable of hosting up to 120 guests for private events at no additional charge. Perfectly situated in the Butler-Tarkington/Meridian Heights area along the 40th and Meridian corridor, the property is just a short walk to the recreational offerings of Tarkington Park and minutes away from premier cultural center
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.
