Nestled at 4380 Fox Hunt DR-Premium Circle Lot in the heart of Saddle Club. Welcome to this beautifully maintained single-family residence in Center Grove that presents an attractive property offering a blend of comfort and style directly across from the community pool with playground. The M/I Homes Kensington layout offers 4 bedrooms + a main-floor flex/office/guest suite, two loft spaces, and an oversized 3-car garage with EV-ready hookup. Step through an impressive vaulted entry hallway into the open-concept living area where natural light floods the space. The formal dining room flows into a walk-through butler's pantry with walk-in storage pantry, leading directly into the kitchen that features an over-sized center island with seating, eat-in nook along a wall of windows, the gas fireplace in living area adds warmth to those fall/winter evenings with built-in storage. On the main level, the flex/office sits conveniently next to a half bath & coat closet making it ideal for a guest suite, in-law arrangement, or home office. The loft upstairs functions as a second family room or teen retreat, while the upper level features a large primary suite, an expansive laundry room ready for built-ins, three generous secondary bedrooms with walk-in closets & a bath with dual vanities on separate sides + private tub/shower and toilet. The oversized 3-car garage includes an extended 2 car bay for workshop/storage, and a third carriage bay with EV charging ready for your future needs. Anchored on a sought-after lot with premium amenities & walk across the street to the pool. This home delivers unmatched versatility, space, & lifestyle in highly ranked Center Grove schools.
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.
