This exceptional 2023-built residence seamlessly blends modern luxury with thoughtful design and flexible living spaces. Featuring 4 bedrooms, 3 full baths, and a versatile main-level den that can easily function as a 5th bedroom, the layout adapts effortlessly to a variety of lifestyles. Rich Luxury Vinyl Plank flooring extends throughout the main level, creating a warm, cohesive atmosphere that welcomes you from the moment you enter, where an inviting office space sets the tone for comfort and productivity. The gourmet kitchen stands as the heart of the home, showcasing stainless steel appliances, quartz countertops, elegant under-cabinet lighting, double pantries-including a spacious walk-in-and a large island that doubles as a breakfast bar. Adjacent to the kitchen, the light-filled morning room is the perfect place to start your day with coffee and quiet conversation. The family room offers an inviting setting for gatherings or relaxation, highlighted by surround sound, additional floor outlets, and a striking stacked-stone gas fireplace ideal for cozy Indiana evenings. Upstairs, a generous loft provides a comfortable retreat for entertainment, study, or relaxation. The primary suite serves as a luxurious haven, featuring a beautifully tiled ceramic shower and a freestanding soaking tub. A tankless gas water heater ensures an uninterrupted supply of hot water. Outside, the expansive, fully fenced backyard with black aluminum fencing is perfect for pets, play, and outdoor entertaining. The 3 car garage offers abundant space for parking and storage. Located in a vibrant community with access to a neighborhood pool and just steps from Kephart Park-featuring a splash pad, playground, and pickleball courts-this home offers exceptional amenities both inside and out. Situated in the highly sought-after Center Grove School Corporation, this property delivers the perfect blend of style, comfort, and convenience. Don't miss the opportunity to make it 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.
