5938 Haverford Ave Indianapolis, IN 46220
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About this home
Welcome to this beautifully maintained 3-bedroom, 2-bathroom bungalow in the heart of Broad Ripple-one of Indy's most beloved neighborhoods. Full of character and modern touches, this home effortlessly blends timeless charm with stylish updates, offering a warm and welcoming place to call home. Step inside to discover an inviting living space featuring gleaming hardwood floors and abundant natural light. The thoughtfully updated kitchen is a standout with crisp white cabinetry, sleek stainless-steel hardware, sparkling granite countertops, and a full suite of stainless-steel appliances-all included in the sale! A dedicated dining room offers plenty of space for gatherings, while the cozy breakfast nook provides the perfect corner to enjoy your morning coffee and watch the neighborhood come to life. The fully finished basement nearly doubles your living space and offers incredible flexibility-perfect for entertaining, creating a home theater or game room, or hosting overnight guests. The third bedroom and full bathroom downstairs provide added convenience and privacy. Outside, you'll be charmed by the professionally landscaped front yard and a spacious, fenced-in backyard featuring a large deck-ideal for cookouts, relaxing evenings, or simply enjoying the outdoors. A one-car detached garage offers added storage and off-street parking. Best of all, this gem is nestled just steps away from everything Broad Ripple has to offer. Enjoy easy access to the Monon Trail (just 5 minutes away), Broad Ripple Dog Park (about 10 minutes), and a 10-minute stroll to Broad Ripple Avenue's lively dining, shopping, and nightlife scene.
Source: MIBOR #22035672
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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.