1382 Redstone Dr, Avon, IN 46123
2 beds · 2 baths · 1,950 sqft
Welcome Home to Avon's Premier 55+ Community! Super Location Close to Shopping, Dining, Parks, Library, YMCA, Hospital, and Airport! You will LOVE this Quiet Neighborhood with Low HOA Fees and being able to Relax and Enjoy as Lawn Care and Snow Removal is Taken Care of For You! This Fabulous Custom Built Brick Home has Nearly 2000 Square Feet ALL on One Level! Super Open Floor Plan Features Spacious Entryway leading into Large Great Rm and Sitting Area open to Amazing Kitchen with Large Breakfast Bar with 42 inch Maple Cabinets, GRANITE Countertops, Pantry and STAINLESS Appliances! Entertain in the Wonderful Dining Room and Spend Quiet Times of Relaxation in the Gorgeous Year Round Sunroom!! There is also a Nice Size Private Den/Library Perfect for Home Office (or could convert to 3rd Bedroom if needed). Split Bedroom Plan Has Primary Suite and 2nd Bedroom/Guest Bath on opposite ends of home and Primary Bedroom Suite has Large Walk-In Closet and Elegant Bath with Double Vanity and Large Shower! Make sure to check out the Finished 2 Car Garage with Hard-to-Find Workshop Area so bring all the Tools and Hobbies! Enjoy Both the Massive Covered Front Porch as well as the Expansive Rear Patio! Pristine Move-In Condition and Ready for You to Move Right In!!!
Source: MIBOR #22026364
Source: MIBOR #22026364
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.
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.