4959 Clarkson Dr, Indianapolis, IN 46254
2 beds · 3 baths · 1,437 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Nestled in a quaint Pike neighborhood, this inviting estate sale property is a rare find-rich in character & full of potential for those with a vision*Upon entry, you're greeted by a grand two-story foyer that flows seamlessly into an expansive great room, with soaring ceilings, a ceiling fan with lights, and an elegantly designed two-sided fireplace that warms both the great room and adjacent dining room*This home sets a dramatic stage for both relaxed family living and stylish entertaining*The kitchen is modern and practical with ceramic tile floors, oak-colored cabinets accented with their own plant ledge. The dark-colored countertops provide a stunning contrast while the stainless steel refrigerator, gas stove, dishwasher and microwave complete the look*The laundry room is complete with washer and dryer, and the powder room includes a pedestal sink- both are outfitted with ceramic tile floors*Upstairs, notice the plexiglass decorator touch on the staircase & loft area that overlook the great room, offering a versatile space for an art studio, alternate entertaining area, or work-from-home office*The primary bedroom features a vaulted ceiling, accented with a charming plant ledge, a ceiling fan with light, walk-in closet, and an ensuite*Outside, a private patio enclosed by a privacy fence offers an ideal setting for outdoor entertainment*There's also a two-car finished garage*This property is a canvas awaiting your creativity*With some tender love and care, the home can be transformed into a stunning personal retreat or possible investment home*Home is being sold as-is.
Source: MIBOR #22031561
All values shown are estimated costs / mo.
Source: Public records
Source: MIBOR #22031561
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.