157 E Hill Valley Dr Indianapolis, IN 46227
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About this home
This updated 4-bedroom, 3-bath home in Perry Township's Hill Valley neighborhood offers nearly 2,900 square feet of living space on a large 15,250 SqFt lot. The kitchen features a gas stove and refrigerator installed in 2022 after converting from electric, and recessed lighting was added in both living rooms and the kitchen in 2023. The entire home was freshly painted in 2024, and new flooring was installed in both living areas, the basement room, and on the stairs in June 2025. All other rooms have updated ceramic tile from 2023, with the exception of the downstairs bedroom, which remains carpeted. Upstairs, you'll find the main living spaces, kitchen, and three bedrooms with ceiling fans. The lower level includes another bedroom, a full bath, and additional living space. A brand new furnace with a 10-year warranty adds peace of mind for years to come. Other highlights include a whirlpool tub, cherry cabinets in the guest bath, a two-car garage, and a relaxing backyard patio. The concrete driveway and sidewalk were also replaced in 2018.
Source: MIBOR #22050120
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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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