844 Planters Rd Indianapolis, IN 46239
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About this home
This home is a fantastic opportunity for comfortable, turnkey living. Located in a tranquil neighborhood at 844 Planters Road in Marion County, Indianapolis IN, this beautifully maintained single-family residence is a testament to both stylish design and practical functionality. All major improvements have been completed. Its convenient location offers flexibility for schooling, with access to both Warren Township and New Palestine schools. Step inside to an inviting, open-concept living space. The heart of the home, the kitchen, seamlessly blends classic style with modern convenience, boasting custom Kemper cabinets and a suite of stainless steel appliances. The thoughtful design extends to the private primary suite, a tranquil retreat complete with an en-suite bathroom and a walk-in shower for a spa-like feel. A spacious walk-in closet provides ample storage. Beyond the primary suite, a fourth bedroom offers versatile living space that can easily be converted into a private home office. The home's flexible layout continues upstairs with a large bonus room that provides additional living space for a media room or play area. This bonus room also features convenient attic storage, a perfect solution for seasonal items. Beyond the interior, the home's outdoor spaces are a true highlight. The fenced backyard offers a secure and private oasis, complete with a golf putting green perfect for practicing your short game. The patio is ideal for al fresco dining, while the fully mulched landscaping instantly elevates the home's overall aesthetic. In the evenings, you can gather around the cozy fire pit for relaxation. A dedicated laundry room adds to the home's daily practicality. Adding to the home's unique appeal, the fully epoxied two car garage has been thoughtfully converted into a functional in-home gym as well, providing a private and convenient space for your workout routine.
Source: MIBOR #22063428
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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.
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