5916 W Falling Waters Dr Mccordsville, IN 46055
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About this home
Welcome to this well-maintained 5-bedroom home with 3 full baths in true move-in condition. Situated on a large choice lot with green space in back and no homes blocking your view of the beautiful sunsets or the Geist fireworks display. Home has been freshly painted, new carpet was just installed, roof was replaced in 2023 and water heater in 2025. Main Level is Open Concept. The Living room has a sealed gas log fireplace, and home has custom wood blinds throughout. The main floor bedroom is a great space for an office or private in-law quarters with convenient access to the kitchen, 3rd full bath and garage entry. Screened 3-season room with ceiling fan, covered front porch and patio with privacy fence offer additional areas to relax. Kitchen features plenty of storage and counterspace with walk-in pantry, tall cabinetry and island. Loft family room, four sizeable bedrooms, and laundry room are upstairs. Huge primary suite includes, large walk-in closet, garden tub, separate shower and dual sinks. All stainless appliances including high-end washing machine and dryer stay with the home. Three-bay garage is finished. Home is located within a short walk of Leo's Eatery, the playground, basketball court, and pool. Geist Waterfront Park is less than 3 miles away. Great opportunity to own such a nice home in this high-demand area.
Source: MIBOR #22068672
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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.