1108 Palo Vista Rd Greenwood, IN 46143
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About this home
Perfectly located on hole one of Valle Vista Golf Course, this 4 bed/2 bath home on .49 acre is designed for comfortable living and entertaining. The main level features hand-scraped maple hardwood floors, cathedral ceilings, and an open floor plan. The kitchen layout is great for cooking, baking, and gatherings with plenty of buffet space, a dining room, and breakfast bar. Work from home in your own office with custom built-ins. The loft overlooking the two-story great room is perfect for an additional office or play space. The primary suite includes a walk-in closet, dual vanities, and a walk-in tile shower. Bedrooms 2 and 3 feature custom built-in beds designed for functionality and charm. A 4th bedroom with walk-in closet and egress window was added to the now fully-finished basement. The open basement space w/ vinyl plank flooring is great for movie nights or epic dance battles. The laundry room is a dream! Other home features include six-panel doors, crown molding, central vacuum, laundry chute, stainless appliances, dimensional roof, NEW main electrical panel, remodeled hall bath, updated lighting, water heater (2021), encapsulated crawl space, and two A/C and furnace systems (detailed list available upon request). The 2-car garage includes extra storage and pull-down attic stairs. Don't forget the outdoor space! The custom patio, pergola w/ hanging wisteria, perennial gardens, and large shade trees create a dreamy oasis. Relive your childhood on the tire swing, take a nap in your hammock, or roast marshmallows over the fire. Enjoy endless possibilities for relaxing or gathering with friends and family - like watching the annual Freedom Fest fireworks from your own back yard. Just steps away is the Craig Parrk Art on the Trail Path, offering a connection to numerous festivals and activities in Greenwood. This little slice of heaven is only 20 minutes from downtown Indy and presents an ideal blend of functional spaces, entertaining areas, and natural beauty.
Source: MIBOR #22071063
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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.
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