990 Canary Creek Dr Franklin, IN 46131
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About this home
Welcome to this beautifully renovated 3-bedroom, 2.5-bath home nestled on over a 1/2 acre spacious lot (.6-acres). The backyard is fully fenced-perfect for privacy, pets, and outdoor living. Surrounded by mature trees and backing to woods with no rear neighbors, this property offers the peace and quiet you've been looking for in a safe, established neighborhood. With it's open-concept, this home lives much larger than it's 1500 square feet would indicate! Inside, every detail has been refreshed with new flooring, paint, appliances, lighting, fixtures, and landscaping, making this home truly move-in ready. The thoughtful floor plan provides comfortable living spaces and abundant natural light throughout. The oversized 2-car garage offers plenty of room for parking and storage. Canary Creek Estates offers two neighborhood entrances that make commuting a breeze-even during US 31 construction-you'll enjoy convenience without compromise. This subdivision offers low HOA dues of just $120 per year. Don't miss this opportunity to own a like-new home on a rare, oversized lot with both charm and modern updates. Schedule your showing today!
Source: MIBOR #22065059
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.