125 E Waterbury Rd Indianapolis, IN 46227
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About this home
Must see 4 Bedroom ranch with a full finished basement and an oversized two car garage, nestled on nearly half an acre in desirable Perry Township! Nice curb appeal with a spacious front yard, mature trees, and an extra-long driveway providing plenty of parking. Inside you will find hardwood flooring throughout the main living areas, offering warmth and timeless style. The layout is ideal for entertaining, with family rm. open to oversized dining area and generously sized kitchen with plenty of cabinets and counter space. Living room boasts beautiful stone gas fireplace serving as a cozy and inviting focal point perfect for relaxing evenings and intimate gatherings. Downstairs, the full finished basement offers a massive recreational space, complete with a wet bar ideal for mixing drinks, storing beverages, and enjoying movie or game nights. Step outside to your own private backyard retreat! Custom landscaping and mature evergreen trees create year-round privacy, and a peaceful backdrop for the heated inground pool. The Pergola and expansive decking offer multiple areas for outdoor dining, lounging and entertaining. Recent updates include new furnace, tankless water heater, garage door opener spring, water softener, sump pump, newer dishwasher and newer pool heater. Great location, No HOA and top-rated Perry township schools!
Source: MIBOR #22063131
Loan details
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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.