Welcome home to your quintessential SoBro bungalow, where charm, convenience, and lifestyle all come together in one of Indy's most loved neighborhoods. Perfectly positioned close to everything Broad Ripple has to offer and just minutes from downtown, this move-in-ready brick beauty places you at the center of an unbeatable live-work-play experience. Start your mornings on the cozy front porch with a latte from a nearby coffee shop, and wind down in the evenings with your favorite beverage before heading out to enjoy the local eateries, breweries, and entertainment spots just moments away. Inside, this well-maintained 2-bed, 1-bath home features gorgeous hardwood floors, a spacious living room for relaxing or hosting, and a generous dining area ideal for meals with friends or family. The updated kitchen is both stylish and functional, offering granite countertops, stainless steel appliances, and a timeless tile backsplash, perfect for cooking, entertaining, or everyday convenience. The newer driveway leads to a large 2-car detached garage, providing added storage and ease of parking. Downstairs, the basement offers a flexible second living space, ideal for movie nights, a workout area, or game-day gatherings. You'll also find a dedicated spot for a home office, along with a large laundry area and ample storage, keeping everything practical and organized. Outside, the fully fenced backyard becomes your own private retreat. Whether you love hosting, gardening, relaxing with pets, or enjoying a quiet moment outdoors, it's a space that adapts to your lifestyle. If SoBro is where you want to be, this home delivers the best of the community. With close proximity to Broad Ripple Village, boutique fitness studios, coffee shops, breweries, parks, the Monon Trail, and endless dining and shopping options, this is a place where comfort meets connection, and everyday living feels effortless. Don't miss it!
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.
