2059 Meadowlark Ln Brownsburg, IN 46112
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About this home
Welcome to 2059 Meadowlark Lane, Brownsburg - located in the desirable Thornburg community! This beautifully maintained 3-bedroom, 2-bath ranch offers comfortable living with an open-concept layout and thoughtful updates throughout. Situated on a spacious .29-acre lot and just a short walk to the popular B&O Trail, this home offers convenience, charm, and a wonderful sense of community. Step inside to find a bright, inviting living space with new flooring in the living room and hallway (2020), bedrooms (2021), and kitchen (2025). The heart of the home flows seamlessly from the living room into the eat-in kitchen, making it perfect for both everyday living and entertaining. The kitchen features included appliances, with a newer refrigerator (2021) and dishwasher (2025). Both bathrooms were tastefully updated in 2021, offering modern finishes and style. Enjoy peace of mind with numerous improvements, including a stone front patio (2022), new windows in the living room and front bedroom, and a new front door! Step outside to relax or entertain in the spacious yard offering ample room for outdoor enjoyment. This well-cared-for home combines modern updates, an ideal location, and the ease of ranch-style living-ready for you to move in and make it your own!
Source: MIBOR #22071247
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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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