9 Dixie Dr Anderson, IN 46016
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About this home
Nestled in the heart of Anderson, Indiana, discover the inviting home awaiting at 9 Dixie DR. This single-family residence is ready to move in and begin creating memories. Imagine evenings spent in the living room, the fireplace casting a warm glow as you admire the elegant crown molding. The kitchen offers a delightful space to prepare meals, featuring stylish shaker cabinets and a charming backsplash. The property offers two bedrooms and one full bathroom within 1493 square feet of living area. There is also Auxiliary dwelling unit with a Kitchen, Living Room, bedroom, full bath and laundry. The total square footage includes both buildings. Stepping outside, you will find a fenced backyard perfect for relaxation and recreation, complete with a patio and a convenient shed for storage. The welcoming porch offers a spot to enjoy the outdoors, while inside, a walk-in closet provides ample storage. This home, built in 1920, sits on a 4356 square foot lot and offers a blend of classic charm and modern comfort. This inviting home on Dixie Drive presents an opportunity to embrace comfortable living with its blend of character and functionality.
Source: MIBOR #22072510
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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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