5941 Jordan Village Rd Poland, IN 47868
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About this home
Escape to tranquility in this lakeside log cabin paradise. Enjoy breathtaking views of nature, with a lake, deer, bald eagles, turkeys, and other wildlife all around you. Listen to the soothing sounds of crickets and birds as you watch squirrels and rabbits play. This is a dream come true for nature lovers, fisherman and hunters alike. With direct access to the lake, you can enjoy endless fishing and kayaking. This A-frame log cabin features a vaulted ceiling in the living room and large windows that provide panoramic views of the lake, showcasing stunning sunsets right in your backyard. It's the perfect backdrop for family photos in every season. It's like having luxury at your fingertips. The cabin includes four bedrooms and three full bathrooms, with complete additional living space downstairs. The freshly remodeled kitchen boasts modern quartz countertops and a subway tile backsplash. A wraparound deck offers multiple views of your private retreat. You'll have your own space to hunt for morels and ginseng, hike, and marvel at the beauty surrounding you. If you enjoy four-wheeling and dirt biking, this environment is perfect for those activities as well. Enjoy cozy evenings by the stone fireplace, which captures the essence of cabin life, and a wood stove on the lower level ensuring an additional heating source. Forget water bills. The property has its own well, providing a reliable water supply. New appliances, including a washer and dryer, will remain with the home. The two car garage is spacious enough for a workshop and all of your hobbies. Imagine sipping your morning coffee on the back deck, overlooking the lake as the sun rises, or spending your afternoons fishing for bass and bluegill. This is the perfect place to make home.
Source: MIBOR #22054278
Neighborhood
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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.