9724 Brooks Dr Mccordsville, IN 46055
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About this home
Welcome home to this, fully renovated property, where high-end finishes meet exceptional design. At the heart of the residence lies the kitchen, a truly impressive space crafted for every culinary enthusiast. The massive island serves as a focal point, perfect for meal preparation and gatherings, while the stylish shaker cabinets and spacious walk-in pantry offer ample storage and esthetic appeal. The kitchen seamlessly flows into the living and dining areas, creating an open and inviting atmosphere ideal for entertaining and everyday living. With bedrooms thoughtfully placed on both levels, this home ensures privacy and comfort for both family members and guests. The primary suite stands out with its luxurious, spa-like ensuite bath, featuring opulent finishes that promise relaxation and rejuvenation. For additional entertainment options, the finished basement provides a versatile space for leisure and activities. Step outside to discover the newly installed stamped concrete patio, an ideal setting for outdoor events and relaxation. The property is beautifully situated on a lot complete with a privacy fence, offering a sense of tranquility in the highly sought-after Westbrook at Geist community.
Source: MIBOR #22047479
Neighborhood
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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.