214 S Howard St Oxford, IN 47971
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About this home
**Charming Heritage Home with Timeless Elegance** Step into a world of classic sophistication and enduring charm with this stunning home, built in 1890 and lovingly maintained by its owners for the past 40 years. This traditional masterpiece boasts five spacious bedrooms, each exuding warmth and character, making it the perfect sanctuary for families or those who appreciate the finer things in life. As you enter, you are greeted by amazing original hardwood floors that flow seamlessly throughout the home. The exquisite wood trim and original French doors add an air of elegance, inviting natural light to dance through every room. Two of the lower-level rooms-once a distinguished library and a lively billiard room-offer endless possibilities for recreation or relaxation, making them ideal spaces for entertaining guests or enjoying quiet evenings at home. Recent upgrades including new windows, siding, and roof ensure peace of mind while maintaining the home's rich heritage. Picture yourself sipping coffee on the covered front porch as you take in your surroundings-a perfect spot to unwind after a long day or greet neighbors passing by. This remarkable property is not just a house; it's a testament to craftsmanship and history that has stood the test of time. Whether you're looking for your forever home or a unique investment opportunity, this residence offers unmatched character combined with modern comforts. Beautiful small town living close to Lafayette. Great school system for your growing family. Don't miss your chance to own a piece of history! Schedule your private showing today and experience firsthand why this enchanting home is truly one-of-a-kind. Your dream lifestyle awaits!
Source: MIBOR #22021365
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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.