6147 N Caraway Dr Mccordsville, IN 46055
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About this home
With this 5 bedroom, 4 bathroom home, your search is over. Imagine a life where every day feels like a retreat, where your backyard melts into a serene, expansive pond view. This isn't just a house; it's the backdrop for your future, perfectly positioned in the heart of vibrant McCordsville. From the moment you step onto the charming covered porch, you'll feel at home. The foyer, with its soaring 9-foot ceilings and elegant LVP flooring, welcomes you into a world of light and space, starting with a formal dining room. The true soul of this home unfolds as you move toward the back, where an open-concept living area awaits. Picture yourself preparing meals in the kitchen, complete with a center island and a huge walk-in pantry, while friends and family gather by the warmth of the corner gas fireplace. All the while, your gaze is pulled through a wall of windows to the water view just beyond your fenced-in yard. This home effortlessly adapts to your life. A rare main-floor bedroom with a full bath provides the perfect private suite for guests or multi-generational living. Upstairs, a versatile loft offers a second living space for movie nights or a home office. Your personal escape awaits in the expansive primary suite, featuring a dual vanity bathroom and a walk-in closet so large it will inspire a shopping trip. 3 more additional bedrooms, all with their own walk-in closets, and 2 more full baths ensure comfort and privacy for everyone. Built in 2019, this home offers modern design combined with the ultimate peace of mind from a remaining builder's structural warranty. A home offering this perfect blend of modern touches, location, and lifestyle is a rare opportunity that will not last. Schedule your showing today before this dream becomes someone else's reality! Photos have been virtually staged.
Source: MIBOR #22059291
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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.