383 Carmelaire Ct, Carmel, IN 46032
3 beds · 3 baths · 2,256 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to Your Dream Lifestyle-Just in Time for Summer! Get ready to fall in love with this beautifully updated 3-bedroom, 2.5-bathroom condo nestled in the heart of vibrant downtown Carmel, just minutes from the charming Carmel Arts & Design District. As the days get longer and the city comes alive with summer events, this home offers not just a place to live-but a lifestyle upgrade. Tucked in the back of a peaceful community for added privacy, this home boasts a two-car detached garage and thoughtfully refreshed interiors. Step inside to discover fresh paint and light-toned laminate flooring that adds an airy, contemporary feel. The sun-filled kitchen features generous counter space, ample storage, and a cozy breakfast bar-perfect for slow spring mornings or casual conversations. On the main level, enjoy the elegance of a formal dining room and the warmth of a sunken great room, ideal for both relaxing and entertaining. Upstairs, you'll find all three bedrooms and two full bathrooms, offering comfort and privacy for everyone. The finished basement is a true bonus-your new go-to spot for hosting friends at the wet bar or kicking back for a family movie or game night. Outside your door, you'll find not one but two patio areas plus Carmel's best is just steps away. Midtown Plaza beckons with outdoor concerts, art fairs, and family fun. You can walk to Carmel's 4th of July parade, a community staple of the summer. Savor a cold beverage at Sun King Brewery, shop local boutiques, or dine al fresco as the city hums with summer energy. Minutes to the Monon, you can ride your bike or walk just about anywhere. The community also includes a Clubhouse and pool for those hot summer days! Located within the award-winning Carmel Clay School District, this condo is the perfect blend of style, space, and serenity. Don't miss your chance to live in one of Indiana's most desirable communities where summer memories are just beginning!
Source: MIBOR #22012468
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.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: MIBOR #22012468
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 and Equal Opportunity Act.