4680 S 1000 W Rensselaer, IN 47978
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About this home
This is the once-in-a-lifetime gated homestead you've been waiting for. Set on 22+ beautifully maintained acres, this 4-bedroom, 3.5-bath estate offers the perfect blend of luxury, comfort, and self-sufficiency. Inside, enjoy cathedral ceilings, a two-story living room with a gas fireplace, refinished hardwood floors, fresh paint and carpet, modern updates in every room, and a fully finished basement. Recent upgrades include two new septic systems for the main and guest house, new well pump, newer appliances, new roof on the home and barn and a refinished decks. The exterior is equally impressive: two fully stocked ponds with fountains, a fully furnished guest cabin with full RV hookups, a horse barn with 3 stables, fenced pastures, a chicken coop, vegetable and flower gardens, and once you pass the security gate you find a tree-lined driveway leading to the wraparound front porch. The home and entire property are equipped with a whole-home Generac backup generator, ensuring continuous power and peace of mind. Located just minutes from I-65 and convenient to Carpenter Creek Winery, Fair Oaks Farm, and the future Marvella Sports Complex, this extraordinary homestead combines rural serenity with modern convenience. A rare and truly complete property-ready for your next chapter. Please Use Broker Bay or Call agent directly to show. Jake Hemrick 317-412-5310
Source: MIBOR #22049451
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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.