Welcome to this gorgeous 3-bedroom, 2-bath ranch in Fishers - just minutes to the Nickel Plate District and hotspots like Four Day Ray Brewing, Tiburon Coastal Cuisine, Cafe Patachou, and the Nickel Plate Trail. This is not your typical Fishers ranch - a top-to-bottom renovation gives this near 1,300 -square-foot home the look and feel of new construction at a fraction of the price. The open-concept layout features wide-plank Galway Oak flooring throughout, fresh paint with crisp white trim, and a gorgeous kitchen with white shaker cabinets, matte black hardware, Calcutta Belarus quartzite countertops, a stainless steel under-mount workstation sink, and a full Samsung appliance package - 5-burner gas range, counter-depth refrigerator, over-the-range microwave, and top-control dishwasher. Both bathrooms are showstoppers. The guest bath pairs a navy vanity with absolute white quartzite, gold and brass fixtures, an arched mirror, and Amelia 2.0 tile in the tub surround. The primary en-suite goes even bigger with a double vanity, dual framed mirrors, and a glass barn-door walk-in shower with contemporary matte white tile and a built-in niche. The vaulted living room anchors the home with a floor-to-ceiling stone fireplace and a sliding glass door to the side yard. Bedrooms are tucked down a private hallway, and the primary suite includes a walk-in closet and that show-stopping en-suite. You also get a 2-car attached garage and main level laundry room. Beyond the Nickel Plate District, Ironwood Golf Club, RiverGlen Country Club, and the 127-acre Ritchey Woods Nature Preserve are all just a short drive away - whether you're looking for your first home in Fishers or a modern upgrade from your current spot, this in one you have to check out before it's gone!
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.
