373 Mutton Creek Dr, Seymour, IN 47274
3 beds · 2 baths · 2,114 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Charming Ranch-Style Brick Home with Lake Privileges Welcome to your dream home! This beautiful ranch-style brick/vinyl home offers the perfect blend of comfort and elegance. Featuring 3 spacious bedrooms and 2 full baths, all conveniently located on one level, this home is designed for easy living. Step into the inviting dining room/living room combo, perfect for entertaining guests or enjoy cozy family nights by the family/TV room fireplace. The recently remodeled kitchen boasts custom Amish oak cabinets, a countertop sink, and a delightful breakfast nook, making it a chef's paradise. Enjoy year-round comfort in the all-season room, equipped with its own new mini-split unit. The home also features all-new Bee windows, foam insulation in the crawl space, a new roof, skylights, and gutter guards for added peace of mind. The driveway, replaced in May 2016, leads to an oversized attached 2-car garage with workspace and attic storage, accessible via a pull-down entry. With an HVAC system replaced in 2015, with 3 years remaining on the heat pump warranty (which is transferable), this home is move-in ready and waiting for you. In 2024, a new garage door opener, underground dog fence, and a 16x12 storage barn with a loft and garage door completed the upgrades. Priced to sell, this gem won't last long. Don't miss out on the opportunity to make this house your forever home.
Source: MIBOR #22023589
All values shown are estimated costs / mo.
Source: Public records
Source: MIBOR #22023589
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.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.