317 S 22nd St New Castle, IN 47362
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About this home
Welcome to this beautifully maintained and move-in ready home offering 3 bedrooms, 2 full baths, and 2,134 sq ft of comfortable living space. This well-cared-for property is full of thoughtful details, including rich woodwork, cherry cabinetry, and abundant natural light throughout. The kitchen features a spacious island, reverse osmosis system, and includes all appliances-washer and dryer too! French doors add a touch of elegance to both the living area and the primary bedroom. Enjoy ample storage and large closets, plus an updated rear exterior door and storm door (May 2025). The home also includes a water softener, electrolysis device, and a furnace ionizer to help improve air and water quality for healthier living. Step outside to appreciate the beautifully landscaped retaining wall that leads up to the covered front porch. The privacy-fenced backyard offers a gated off-street parking area, a separate play yard perfect for kids and pets, and a 30-amp outlet with plenty of space to park an RV. The 26x26 detached garage comes equipped with two window A/C units and extra storage.Additional features include a security system with cameras for peace of mind. This home checks all the boxes-comfort, space, and convenience-inside and out!
Source: MIBOR #22049646
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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.