3083 Hardscrabble Rd Spencer, IN 47460
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About this home
Location! Privacy and Charm-- All in One! Tucked away down a long driveway and surrounded by tall trees, this charming brick ranch offers the perfect blend of country serenity and convenient access. Ideally located 5 miles from Spencer, 7 miles to Ellettsville, and only 10 miles to I-69 in Bloomington. You will never be far from shopping, schools or commuter routes. Set on a spacious lot, this home is ideal for outdoor living and entertaining. Enjoy summer days by the swimming pool, host gatherings at the shelter house, relax on the covered front porch, or unwind on the back patio. There's plenty of room for a garden-- whether you are dreaming of summer barbecues or growing your own vegetables, this yard is a perfect canvas. Inside, the home features 3 comfortable bedrooms, 1.5 baths, a thoughtfully updated kitchen, a dedicated dining room, a cozy family room and a welcoming living room with a fireplace with gas logs. The attached 2 car garage adds convenience, and recent updates provide modern comfort and reliability. With a newer charcoal grey metal roof, updated furnace and A/C unit and appliances 3 years old or newer (all included), this home offers peace of mind and lasting value--truly move-in ready. This property represents an excellent opportunity for first-time buyers, downsizers, or anyone seeking a well-maintained home in a convenient location. The combination of recent updates and practical outdoor space creates compelling value in today's market. Don't miss your chance to own this private, peaceful retreat with room to relax, grow, and entertain--schedule your private showing today!
Source: MIBOR #22054292
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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.