430 Bundy Ave New Castle, IN 47362
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About this home
C. 1906. Welcome to 430 Bundy Avenue. This recently remodeled home offers an impressive 3,133 SF of living space. The large wrap-around front porch welcomes you into this move-in-ready home. The main floor is designed with a circular floor plan seamlessly connecting each living area. The main level features solid Pine vintage style flooring designed to complement the original character of the home. You will find a tray ceiling designed to accentuate the antique lighting. Two fireplaces offer antique mantels paired with the modern convenience of electric heating elements. The spacious kitchen has been meticulously designed and offers a great flow between the island, stove, and walk-in pantry. You will find two separate staircases leading to the upper level. There you will find a primary suite complete with walk-in shower, walk-in closet, and double vanity. Two additional bedrooms offer an exceptional amount of space and share their own full bath. Step upstairs to the third level for an extra space that would offer the perfect opportunity for a home theater, office space, or potentially 4th bedroom. Outside you will find a spacious back lawn and a detached 1.5 car carriage house. RECENT UPDATES INCLUDE: all plumbing, electrical, gutters, 2 HVAC systems, windows, water heater, complete kitchen remodel, pine wood flooring, carpet, driveway, landscaping, and appliances. Appliances included: Refrigerator, Range (electric) Dishwasher, Microwave
Source: MIBOR #22047563
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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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