12040 Kemp Cir Indianapolis, IN 46229
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About this home
Hancock County Beauty! Discover an extraordinary 4bdrm/2.5 ba home in prestigious Mt. Vernon School District, where thoughtful design meets exceptional craftsmanship on a tranquil cul-de-sac lot. This stunning 2,400sqft home features meticulously refinished hardwood floors that flow seamlessly throughout, showcasing inherent elegance. The impressive foyer welcomes guests with intricate wood stair railings & stylish runner, setting the sophisticated tone. The gorgeous den captivates w/its fireplace centerpiece, crown molding, & custom built-ins creating refined comfort. Natural light floods the expansive family room, offering picturesque views of the extensive back patio through large windows. The heart of this home lies in its completely reimagined kitchen, where functionality meets contemporary style. The thoughtfully designed island layout enhances flow while showcasing new cabinetry, lustrous quartz countertops, & striking tile backsplash. Floating shelves add modern appeal alongside new fixtures, stainless steel appliances, & generous sink overlooking the sprawling backyard. The primary bedroom sanctuary boasts a stunning accent wall, generous windows, & walk-in closet. The primary bathroom represents luxury w/marble flooring, stylish tile shower w/built-in nook, new vanity w/dual sinks, & abundant natural light from skylight & window. Three additional large bedrooms offer comfortable accommodations w/large closets. The outdoor experience proves equally impressive on this picturesque lot, where mature trees provide privacy alongside a fully fenced backyard. The expansive patio creates ideal entertaining space, complemented by a charming fire pit perfect for autumn evenings. Recent updates include new windows, two-year-old roof, and four-year-old heating and cooling systems. Valley Brook Farms neighborhood offers direct connectivity to Buck Creek Trail, providing exceptional recreational opportunities and connecting to Lions Park and the renowned Pennsy Traii
Source: MIBOR #22069932
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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.