4081 Lotus St Plainfield, IN 46168
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About this home
***Take advantage of seller's 2.75% Interest Rate with an ASSUMABLE Mortgage!!!*** Make yourself at home in Pulte's popular RIVERTON FLOORPLAN +BASEMENT without the new-build price! This Hendricks County beauty is an attractive property in great, MOVE-IN condition. The living room offers a welcoming atmosphere, anchored by a gas FIREPLACE that promises cozy evenings and a natural gathering place. Open floor plan is perfect for entertaining! The kitchen features GAS STOVE and SHAKER CABINETS that provide a touch of classic design. Envision preparing meals in this space, with storage solutions that combine form and function, including an awesome BUTLER'S PANTRY! The kitchen corner OFFICE is great for a workspace or homework area with built-in desk space. MUDROOM off the garage entrance is perfect for busy families. Working from home is easy when you have the versatile Library/Den. The primary bedroom features a tray ceiling, adding a touch of architectural interest, as well as an ensuite bathroom providing a TRANQUIL RETREAT with its double vanity and TILED WALK-IN SHOWER. Picture beginning and ending each day in this space, enjoying the convenience and elegance of its features. This property boasts a total of FOUR BEDROOMS and two full bathrooms upstairs along with an UPSTAIRS LAUNDRY room, and a versatile LOFT, ready for movie night, a man cave, hobby room, or playroom. The possibilities are endless as you make your way down to the UNFINISHED BASEMENT, complete with ROUGHED IN PLUMBING, ready for whatever you dream! The property also features a patio and fully FENCED BACKYARD, offering a place to sit and relax in privacy. You'll love the easy access to the VANDALIA TRAIL, just steps away. You'll also be close to Plainfield's Recreation & Aquatic Center, parks, and shopping. It's everything you've been waiting for! WELCOME HOME!
Source: MIBOR #22048909
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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.