1448 Robin Hood Dr Seymour, IN 47274
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About this home
Brick Ranch Just Steps from High School in Emerson School District ! Discover the charm of this 3 to 4 bedroom home , boasting over 1900 sq. ft. of comfortable living space! Conveniently located within walking distance to the high school, this home is perfect for those looking for both location and affordability. On Friday nights in the fall, enjoy the sounds of the local football stadium and the marching band echoing nearby, creating a fun community atmosphere! This wonderful neighborhood is one that these homeowners have cherished for years, situated on a quiet street with limited traffic-safe for kids and pets!Step inside to find a stunning brand new kitchen, the heart of this home, featuring custom cabinetry, elegant quartz countertops, and a LARGE center island! With stainless steel appliances, a sleek tile backsplash, a six-burner gas range, and a double oven, meals will come to life effortlessly. Enjoy cozy dining at the custom built-in dining table with booth seating, seamlessly blending with the kitchen's style. Recent upgrades include all-new Anderson windows, installed within the last two years, along with new soffits, new Anderson exterior doors,gutters, fascia ,and insulation in the attic, ensuring energy efficiency and peace of mind. The property also features a privacy-fenced rear yard, and a large concrete patio-perfect for outdoor entertaining! The seller is offering a flooring allowance, allowing you to put your personal touch on this wonderful home.
Source: MIBOR #22062859
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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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