HONEY STOP THE CAR!!!Nestled in Noblesville, this single-family residence in Hamilton County presents an attractive property in great condition. The heart of this home is undoubtedly the kitchen, a culinary dream space featuring countertops that provide a luxurious surface for meal preparation, complemented by shaker cabinets that offer ample storage and a touch of classic elegance, while the backsplash adds visual interest and protects the walls from splashes and spills, and the large kitchen island provides a central gathering spot, perfect for casual dining or entertaining, and the stovetop and double oven stand ready to assist with any culinary endeavor, while the kitchen bar creates a welcoming space for guests to sit and enjoy conversation. The living room provides a comforting space, centered around a fireplace that offers warmth and ambiance, perfect for cozy evenings spent relaxing. The bedroom offers a serene retreat, highlighted by a tray ceiling that adds a sense of spaciousness. The bathroom offers both style and functionality, featuring a double vanity that provides plenty of space for morning routines, and a walk-in shower, creating a spa-like experience. This property features a private hot tub where one can enjoy a refreshing dip on warm days, along with a covered patio for outdoor relaxation and shade, as well as the perfect setting for outdoor dining and entertaining.Open floor plan creates an inviting atmosphere, while the laundry room adds convenience to daily chores. With five bedrooms and three full bathrooms, along with one half bathroom, spread across 3156 square feet of living area on a generous 12197 square foot lot, and built in '17 with two stories, this residence offers an exceptional opportunity to embrace a lifestyle of comfort and enjoyment. All kitchen appliances to stay. Minutes from the interstate, entertainment and food! Sprinkler system with the home and trails and paths to local neighborhood pool and playground!
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.
