4431 Hickory Stick Row, Greenwood, IN 46143
5 beds · 5 baths · 5,516 sqft
Rare opportunity to own this gorgeous 2-story home in the Hickory Stick Golf Community! Large, semi-private lot on a cul-de-sac. As you enter through the grand archway, this home welcomes you with a flexible dining/living/greeting room. Main floor in-law/guest suite w/ full bath. Enter into the main living area and you are greeted with open concept layout, perfect for gatherings. Opulent, gourmet kitchen w/ a vast island! Beautifully crafted kitchen cabinetry w/ unique granite countertops and a full appliance package. Accented by a walk-thru butler's pantry. This home was thoughtfully designed so the space is extended by a large sunroom. Grand family room w/ gas fireplace. Main floor, private office for those that work from home. Travel up the beautiful staircase to the second floor to find four bedrooms and a spacious loft. Large primary bedroom w/ ensuite and custom walk-in closet. Travel back downstairs and enter the basement. This finished space boasts two separate rooms; game room and a theater area. Prefer the outdoors when entertaining? Huge 20x20 Trex deck w/ a newer, premium Royal Spa tub which you can add salt to if that's preferred. Screened patio & a half basketball court! Additional, unfinished storage room behind a bedroom wall. No stone unturned! Tankless hot water heater for on-demand hot water and new outdoor landscaping. The icing on the cake is the Eco-Flo Solar System. This app-controlled system will keep the lights on when everyone else's goes out. Tired of buying a home that needs work? Move right in and unpack in this unparalleled, stately home!
Source: MIBOR #22022016
Financials
Source: Public records
Source: MIBOR #22022016
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.