3016 S Conservation Club Rd Morgantown, IN 46160
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About this home
Tucked away on 5 serene wooded acres, 3016 S. Conservation Club Rd in Morgantown offers the perfect blend of space, privacy, and modern updates-without the burden of an HOA. This spacious 5-bedroom, 5-bathroom home features over 4,000 sq ft of living space designed for comfort, function, and nature-inspired living. Inside, you'll find multiple living and gathering spaces, including a large living room, a parlor, and a formal dining room with a resurfaced fireplace and updated lighting. The kitchen has been refreshed with painted cabinets, a new custom island, updated plumbing, a new smart stove (2025), and plenty of space to cook and connect. Each bedroom and bathroom has received thoughtful improvements-fresh paint, updated flooring, new vanities, lighting, toilets, and repaired or upgraded plumbing. The home also features a flexible office nook, laundry room with shiplap and shelving, and a partially finished basement ideal for a workshop or creative space. Mechanicals include two tankless water heaters (LP and electric), a new furnace (2024), and a double-tank septic system with a new pump (2021). Outdoors, enjoy quiet evenings on the reinforced and freshly painted deck (2025), or gather around the firepit in the landscaped backyard. The covered patio includes an antique wood-burning stove, lighting, and existing hot tub wiring. The yard is filled with new perennials, flowering bushes, a peach tree (2022), and a black cherry tree (2024). A repainted shed with shelving and tool storage rounds out the exterior. With space to grow, entertain, and enjoy the beauty of nature, this move-in-ready property is a rare find for those seeking a private lifestyle just a short drive from local amenities.
Source: MIBOR #22064188
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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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