29 Robinwood Dr Brownsburg, IN 46112
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About this home
Welcome to Fairfield Heights in Brownsburg, a true gem in Brownsburg with mature trees, NO HOA, large lots yet close to town. This move-in ready one level all brick ranch boasts 3 bedrooms and 2 full bathrooms. One of the owners favorite features is the addition of the extra 24X24 detached garage in the backyard. Hobbyist? Extra storage? Workshop? Let your dreams come alive. Home is complete with hardwoods in family room and bedrooms, and new laminate flooring in kitchen and hallway. Kitchen is updated and all kitchen appliances do stay with the home making this transition seamless. Want a window over the kitchen sink? You got it! Floorplan offers a family room & living room giving you the flex space you need and separate areas for any lifestyle. Large living room by the entry & a cozy family room open to the kitchen & dining room overlooking the tranquil backyard. Winters will be cozy with your brick fireplace in the family room and 2 car garage keeping your car warm for those cold mornings. Owner's suite is the perfect size with a private full bath and tons of sunlight. Bedroom #2 and #3 are great size as well and the 2nd full bathroom is a just a few steps away down the hall. You will love the fully fenced dreamy backyard complete with patio and fire pit area and the 2nd garage. Can we say dreamy, private and ready for entertaining. Lot is just under a 1/2 acre and YES NO HOA! Close to all of the schools, shopping, dining and the airport. Make an appointment today.
Source: MIBOR #22062203
Loan details
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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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