5812 Dartmouth Dr Kokomo, IN 46902
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About this home
Welcome to your new home at 5812 Dartmouth Court, located in the desirable town of Kokomo! This charming property offers a perfect blend of comfort and ample space, making it ideal for anyone looking to settle in a peaceful neighborhood. With no HOA restrictions and situated in the highly sought-after Western School District, this home is a fantastic choice for families and individuals alike. The residence boasts four cozy bedrooms and 2.5 modern bathrooms, ensuring plenty of room for family and guests. Enjoy the tranquility and freedom of a generous .6-acre lot, which provides ample private outdoor space for relaxation and recreation. The outdoor area boasts a pergola and patio, and the fenced-in rear yard offers added benefits such as enhanced privacy, and a safe space for children and pets to play freely.Inside, the kitchen is beautifully appointed with granite countertops and stainless steel appliances, offering both style and functionality for your culinary endeavors. The home is equipped with a brand-new air conditioning system, ensuring comfort year-round. Additional features of the property include a versatile basement that can be tailored to your specific needs, and a spacious 30x32 barn that offers abundant storage or workshop space for your hobbies and projects. The convenience of a garage adds to the home's functionality, making daily life that much easier. With easy access to Indianapolis, this property is a commuter's dream, offering great accessibility for travel. Embrace the lifestyle this home and its location provide, and enjoy the wonderful community that awaits you in Kokomo.
Source: MIBOR #22065870
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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.