2202 Rossington Ln Indianapolis, IN 46229
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About this home
Charming Ranch home in the popular Rosswood Community! Welcome home to this beautiful 3-Bedroom, 2-Bath Ranch offering 1,230 square feet of comfortable living space. Featuring attractive brick accents and a 2-Car Garage, this home blends style, function, and convenience. Step inside to discover an open layout with vaulted ceilings in the Kitchen and Great room, creating a bright and spacious feel. The Great Room features a cozy Wood-Burning Fireplace - perfect for relaxing evenings - while vinyl plank flooring adds warmth and durability throughout the main living area. The Kitchen includes all Appliances, a Pantry, and offers an adjacent dining area ideal for family meals or entertaining. The Primary Suite offers a Walk-In Closet and Full Bath, while two additional Bedrooms and a second Full Bath provide plenty of space for family or guests. A convenient Laundry/Utility room comes complete with Washer and Dryer. Enjoy outdoor living on the open Patio overlooking a Privacy-Fenced backyard with well-maintained landscaping. Located directly across from a peaceful open common area, this home offers both tranquility and community charm. This amazing all electric home is situated in the Warren Township School District, with easy access to I-70, nearby shopping, and restaurants, this home offers the perfect mix of comfort and convenience. Schedule your private showing today!!
Source: MIBOR #22065229
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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.