5630 N Rockingham Ln, Mccordsville, IN 46055
4 beds · 3 baths · 3,672 sqft
Welcome to this exquisite two-story home located at 5630 N Rockingham Ln in the charming town of McCordsville, Indiana. This spacious residence offers a perfect blend of comfort and modern living, featuring: Four generously sized bedrooms with ample space for rest and relaxation. Two full bathrooms and one half bathroom, thoughtfully designed for convenience and style. Nestled in a friendly neighborhood, this home boasts a welcoming atmosphere, making it ideal for both entertaining and everyday living. The open floor plan seamlessly connects the living areas, creating a harmonious flow throughout the home. Conveniently located near local amenities, schools, and parks, this property is a perfect choice for families seeking both comfort and convenience. As you tour the home, you will notice this beautifully well-kept property is boasting with upgrades and custom finishes. All of the doors have been updated to custom designs, ranging from stained glass to barn doors, giving the home a perfectly tailored feel. Moving through the home, you'll notice upgraded shutters on all windows, adding both elegance and privacy. The kitchen is a true delight, featuring granite countertops complemented by a stunning backsplash. Below the countertops, a built-in wine cooler offers a perfect touch for entertaining. Just before the pantry, you'll find a chalkboard wall-great for kids and grocery reminders. Leading to the backyard, you'll exit through beautiful French doors. Step outside to a backyard oasis, complete with a built-in gas grill, a patio with a pergola, and a gorgeous pathway leading to a fire pit. Enjoy custom built-in seating, ceiling fans, and more-perfect for outdoor relaxation. Heading upstairs, you'll find a spacious loft and four oversized bedrooms. Customized closet doors are featured throughout. In the master suite, enjoy a spa-like retreat with a towel warmer in the bathroom, customized mirrors and vanities, and an extended space for ultimate relaxation.
Source: MIBOR #22025602
All values shown are estimated costs / mo.
Source: Public records
Source: MIBOR #22025602
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.