1081 Country Meadow Ct Franklin, IN 46131
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About this home
Nestled at 1081 Country Meadow CT, FRANKLIN, IN, this attractive property in Johnson County offers a wonderful place to call home. The single-family residence is in great condition, offering an inviting atmosphere from the moment you arrive. With three full bathrooms, mornings will become a breeze, eliminating the rush and allowing everyone to prepare for the day with ease and comfort. Imagine the convenience of having ample facilities for both residents and visitors, creating a harmonious household. The generous 2037 square feet of living area provides abundant space for creating memories and enjoying quality time together. Picture cozy evenings spent in the living spaces, or celebrating special occasions in the dining area, with plenty of room for everyone to relax and feel at home. This residence features four bedrooms, providing everyone with their own personal sanctuary. Notice the beautiful Porcelain Tile throughout the Home. The property includes a fenced backyard, offering a secure and private space for outdoor enjoyment. Imagine relaxing on the patio, enjoying the fresh air, while the shed provides ample storage for tools and equipment. The 7536 square feet lot area provides ample room to enjoy the outdoors. Built in 2001, the two-story residence combines modern construction with timeless design. This property offers the perfect blend of comfort, convenience, and style.
Source: MIBOR #22066437
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FAQs
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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.