5230 Berkshire South Blvd, Greenwood, IN 46142
4 beds · 3 baths · 3,528 sqft
Get a free consultation call with an expert in the mortgage assumption process.
This stunning 3,528 sq ft home combines modern updates, spacious living, and an unbeatable location. Featuring 4 bedrooms, 2.5 bathrooms, and a versatile layout, this property is perfect for comfortable living and entertaining. The kitchen, updated in 2024, boasts refreshed cabinets, sleek stainless steel appliances, modern light fixtures, and a stylish subway tile backsplash. Adjacent is a cozy family room with a fireplace, a formal dining room for gatherings, formal living room and a main-level office with a nearby half bath. Upstairs, the primary suite offers a private retreat, while the three additional bedrooms include large closets for ample storage. A versatile loft space adds flexibility for a home office, play area, or relaxation spot. The massive unfinished basement, complete with roughed-in plumbing, is currently a temperature-controlled living area and ready to be finished to fit your vision. Recent updates include a new hot water heater in 2023 and freshly painted doors, trim, and interior walls, giving the home a fresh, modern feel. The outdoor space is just as impressive, featuring a stunning stone paver patio and a large yard that can easily be fenced for added privacy or pets. The oversized 3-car garage provides plenty of space for vehicles, tools, and storage. Situated in a quiet neighborhood with no through traffic, the home offers tranquility while being conveniently close to top-rated CG schools, grocery stores, parks, shopping, and dining options. This home is a perfect blend of modern style, thoughtful updates, and a prime location, ready to welcome its new owners.
Source: MIBOR #22018557
All values shown are estimated costs / mo.
Source: Public records
Source: MIBOR #22018557
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.