8155 Chesterhill Way Indianapolis, IN 46239
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About this home
Prepare to fall in love with this single-family residence nestled in Marion County, ready to be your next delightful chapter. Imagine waking up in the private first floor master away from the other bedrooms located upstairs. With two full bathrooms, mornings become a breeze, no more fighting for mirror space, just smooth sailing as you prepare to conquer the day. The heart of this home, where memories are waiting to be made, offers 1900 square feet of living area, just right for hosting cozy get-togethers or simply basking in the joy of your own space. Outside, the 7449 square feet lot is just the right amount of space for your furry friend without being endless hours of yardwork. The convenience of a half bathroom adds an extra layer of comfort, ensuring everyone feels right at home. Built in 2005, but with a new roof, flooring and a few other updates this two-story abode is not just a house, but a canvas for your life's most colorful moments, ready for you to paint your dreams upon it.
Source: MIBOR #22052116
Loan details
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45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
If you find a better price on any home, we’ll match it.
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.