7325 Lowe Dr Indianapolis, IN 46226
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About this home
Welcome to this beautifully updated 3-bedroom, 2-bath home, where openness, light, and comfort come together to create the perfect backdrop for your life. Designed with a complete open concept layout and soaring vaulted ceilings, this home feels spacious, inviting, and made for gathering with the people you love most. Step into the gourmet kitchen, an entertainer's dream, featuring quartz countertops, brand new appliances, three ovens, and even a mini fridge to make hosting effortless. From holiday feasts to casual get-togethers, this space is designed for laughter, connection, and meals that turn into memories. Throughout the home, you'll find new flooring, updated light fixtures, and fresh hardware, giving every room a modern touch while keeping its warmth and charm. The bedrooms offer plenty of comfort, while the open living areas invite conversation and connection. Outside, enjoy a big fenced-in backyard nestled among mature trees - a private retreat for summer barbecues, evenings under the stars, or simply relaxing in your own peaceful haven. And as a special bonus, you'll find a massive two-story barn, perfect for storage, a home gym, a play area, workshop, or any number of creative uses - the possibilities are endless! Conveniently located near restaurants, shopping, and everything you need, this home is not just move-in ready - it's ready for your next chapter. This is more than a house. It's where gatherings will come to life, memories will be made, and comfort will surround you every single day.
Source: MIBOR #22061141
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
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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.