5752 E River Rd, Waldron, IN 46182
3 beds · 2 baths · 2,790 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Step into a piece of Indiana history with this extraordinary 1864 Greek Revival masterpiece, proudly listed on the National Register of Historic Places. Nestled on 6.84 lush, spring-fed acres, this rare offering blends timeless architecture with versatile modern functionality. Located just a short drive from Indianapolis, this estate offers both historical charm and prime convenience, making it an ideal private residence, event venue, or business investment. Once a cherished horse farm and now a certified event space, this property offers incredible potential-whether you envision elegant weddings, corporate retreats, or a return to its equestrian roots. The property also includes a 2 car Carriage House equipped with commercial kitchen space and a potential upstairs living quarters, perfect for guests, staff, or a private retreat. The Stone Barn Event Center is ready to host elegant events, receptions, or celebrations or be converted back into its original use as a horse barn. The Indiana Heritage Barn built in 1840 is a functional space for livestock or hobby farming, maintaining the estate's agricultural roots. Located just minutes from I-74, this estate provides a serene countryside escape with easy access to Indianapolis, Shelbyville, and surrounding areas. Whether you're an event visionary, historic home enthusiast, or equestrian at heart, this once-in-a-lifetime property invites you to write the next chapter in its remarkable story.
Source: MIBOR #22022514
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: MIBOR #22022514
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.