Welcome to the heart of Greenfield, where timeless charm meets thoughtful updates. Perfectly situated on a spacious corner lot just blocks from vibrant Main Street, this well cared for home offers the quintessential small town lifestyle with the convenience of being just a short drive from Indianapolis. From the moment you arrive, you'll be captivated by the cheerful yellow exterior, inviting wraparound front porch, mature shade trees, and beautifully landscaped yard. Sidewalks border two sides of the property, making it easy to enjoy a walk to nearby schools, downtown shops, restaurants, local events, and even a front row seat to Greenfield's beloved community parades. The oversized, fully fenced backyard offers plenty of room to relax, play, and entertain. Enjoy summer evenings on the large rear deck, while the storage shed and mini barn provide plenty of space for gardening, hobbies, and extra storage. Inside, you'll find a warm, welcoming home that has been lovingly maintained over the years. The current owner has made numerous improvements, including updates to the kitchen and bathrooms, new plumbing, flooring, paint, bay window, appliances and added insulation, while preserving the home's inviting character. The flexible floor plan includes a comfortable living room, a dining room or flex space, main level primary bedroom, full bath, and a spacious kitchen with breakfast nook, pantry, and conveniently tucked-away laundry. Upstairs, a generous landing leads to two additional bedrooms and a second full bath. If you've been dreaming of picturesque, walkable, small town living with plenty of outdoor space and a home that's been thoughtfully cared for, this is one you won't want to miss. Come experience the charm and lifestyle that make downtown Greenfield such a special place to call home.
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.
