3876 E Glenwood Dr Martinsville, IN 46151
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About this home
There's something for everyone here, come check out this economical 3BR 2.5BA home on a nice cul-de-sac in Painted Hills! About an acre of woods plus large side yard perfect for two- and four-legged creatures to play. Second parcel extends another ~100ft west of the minibarn (up the road), and if you're ambitious you can even hike down the hillside to a finger of the lake. Inside, bamboo hardwood floors greet you on the main level, and lots of windows give cheerful light and great wooded views. A spacious eat-in kitchen with new oven in 2025 allows plenty of sprawl room for mealtime. You'll want to step outside to enjoy nature from the living room deck, or seek solace in the large private bonus room perfect for an office or family room. Take in the pretty views from the upstairs primary suite balcony! Double closets in primary bedroom PLUS a versatile 10'x9' walk-in closet space that could double as a nursery or sitting room. Some recent painting inside and out. New gutters and downspouts. Community water. Septic lift station motor new in 2023. High speed internet available. Lake privileges, community clubhouse, restaurant/bar, pool, pickleball and basketball courts, playground and more with Indian Creek schools. A great find!
Source: MIBOR #22050900
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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.