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$425,000 SIGNIN

Sign in to see required down payment for the 2.8% rate

13071 Pennington Rd, Fishers, IN 46037

3 beds · 3 baths · 2,032 sqft

Welcome to this stunning 3-bedroom, 2.5-bath home located in the highly desirable Saxony neighborhood of Fishers! This meticulously maintained home offers an exceptional living experience, featuring a spacious open-concept main level perfect for both entertaining and daily living. The gourmet Kitchen boasts sleek stainless steel appliances, including a gas range, and a large island ideal for meal prep or casual dining. The inviting Great Room is a highlight, complete with a custom-built surround around the fireplace insert, creating a cozy and stylish space to unwind. Whether you're hosting friends or enjoying a quiet night in, this area is designed for comfort and elegance. Upstairs, the Master Suite offers a true retreat with a luxurious tiled shower and a generously sized walk-in closet, providing ample storage. Two additional bedrooms share a full bath, and a versatile Loft area offers even more living space, perfect for an office, playroom, or media room. With a convenient half-bath on the main level, this home is designed with both functionality and style in mind. The HOA takes care of landscaping and snow removal, ensuring you have more time to relax and enjoy the things that matter most to you. The Saxony community is walkable, offering a neighborhood vibe that's perfect for strolls and socializing. Additionally, you're just minutes away from top-rated Hamilton Southeastern Schools, making this home an excellent choice for families. With easy access to I-69, commuting and exploring all that Fishers has to offer is a breeze. Don't miss out on the opportunity to own this incredible home in one of Fishers' most sought-after neighborhoods.

Estimated
Seller's interest rate
2.8%
7%
Estimated
Monthly payment

$2,117
$2,793
You may also save up to $206,131 in total interest paid.

Learn about how it works

Why Roam


Gap financing to lower your down payment

Unlock down payments as low as 5% – only with Roam

5x the likelihood your offer is accepted

If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close

Close faster and stress-free

We close 2x faster because of our deep experience and lender relationships

Rates and payments are estimates based on public records.


Open house
Apr 19 • 12PM - 2PM
Financials
Seller’s estimated current equity is SIGNIN
To assume this mortgage you must cover the seller’s equity by using your cash or by combining your cash with gap financing.
Estimated $2,793 monthly payment

Financed
SIGNIN
Location
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Loan details
Loan type
FHA
Rate
2.8%
Remaining term
25 yrs and 5 mos
Remaining balance

Source: Public records

Monthly payment

All values shown are estimated costs / mo.

Total
$2,117
Principal & interest
$1,270
Mortgage insurance
$219
Property taxes
$298
Home insurance
$184
HOA fees
$145
Utilities
Not included

Source: Public records

Home details
Size
2,032 sqft
Lot size
0.05 acres
Year built
2020
Type
Single Family Residence
HOA dues
$145.00

Source: MIBOR #22026048

Qualify

To qualify, you must meet the current FHA or VA 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%. 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.

FHA (Federal Housing Administration) loans

FHA loans require the buyer to assume the mortgage as a primary residence.

VA (Veteran's Affairs) loans

You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.

Investors

You may be able to assume a VA mortgage as an investor without it being your primary residence.

Resources
Frequently asked questions

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.

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.

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 620, 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.

View all FAQs
Last updated: Apr 18, 2025 12:16 am
Listing agent: Christopher Fahy (317) 847-6203
Listing provided courtesy of: Berkshire Hathaway Home (317) 841-6380
Details provided by MIBOR and may not match the public record.
MLS ID: #22026048
Based on information submitted to the MLS GRID as of Apr 18 2025 - 21:50. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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