5209 N Kercheval Dr Indianapolis, IN 46226
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About this home
Close to Schools, parks and Interstate travel. Easy Access to Interstate and quick trip to Shopping and Schools. Discover the inviting home awaiting you at 5209 N Kercheval DR, INDIANAPOLIS, IN. This single-family residence in Marion County is ready to move in and offers a wonderful opportunity to create lasting memories. The kitchen provides a welcoming space to create meals and memories, enhanced by the beautiful backsplash. Envision the joy of preparing your favorite dishes in this functional and aesthetically pleasing area, perfect for both everyday cooking and entertaining. The bedroom features crown molding, adding a touch of elegance and character. Picture yourself relaxing in this comfortable retreat, where the subtle details create a sense of refined living. The home includes a porch that offers a spot to enjoy the outdoors. Imagine enjoying the fenced backyard, which provides a private space for relaxation and recreation, complemented by a convenient shed for storage. This 920 square foot home, built in 1954 on a 6229 square foot lot, offers three bedrooms and one full bathroom across its single story. This home offers a blend of comfort and practicality.
Source: MIBOR #22065309
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Close stress-free in 45 days, handled start to finish by Roam.
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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.