897 Copperwood Dr, Carmel, IN 46033
4 beds · 3 baths · 4,370 sqft
This stunning two-story Traditional American beauty offers space, charm, and a prime location in the highly sought-after Carmel Clay Schools district! With over 3,100 sq. ft. of living space plus a huge 1,258 sq. ft. basement, this home is built to meet all your needs. Sitting on a rare half-acre lot, this property offers privacy without sacrificing convenience. The timeless brick exterior, paired with well-manicured landscaping, gives this home serious curb appeal. Step inside, and you'll be greeted by a bright, open floor plan that feels both stylish and welcoming. The spacious living room flows effortlessly into a formal dining area-perfect for hosting holiday dinners or casual get-togethers. The kitchen is designed for both function and style, with plenty of cabinet space, a breakfast nook, and easy access to the main living areas. A bedroom on the main level adds flexibility-great for guests, a home office, or a private retreat. A convenient half bath rounds out this level. Upstairs, the primary suite offers a relaxing escape with a generous walk-in closet and private en-suite bath. Two more spacious bedrooms share a well-appointed full bath, providing comfort for everyone. Plus a massive basement! Whether you're dreaming of a home theater, game room, gym, or just extra storage, this space is a blank canvas waiting for your ideas. The backyard is just as impressive-plenty of space for barbecues, outdoor games, or simply relaxing under the stars. Whether you're sipping your morning coffee on the patio or hosting a summer cookout, this backyard is built for enjoyment. Homes in this neighborhood don't come around often, especially with this much space inside and out. Schedule a private showing today and make this dream home yours!
Source: MIBOR #22024375
All values shown are estimated costs / mo.
Source: Public records
Source: MIBOR #22024375
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.