6936 W Briarwood Blvd, New Palestine, IN 46163
4 beds · 3 baths · 3,299 sqft
Why buy this home instead of building new? The answer is simple: convenience, value, and immediate comfort. This stunning 4-bedroom, 3-bath home is move-in ready with brand-new flooring and fresh paint throughout, so you can start enjoying it right away-no waiting for construction to finish. With oversized rooms and walk-in closets in every bedroom, this home offers abundant space for family and guests. The upstairs laundry room, with a large picturesque window, makes chores easier and brighter. Both full bathrooms feature "his and hers" sinks, offering added convenience for busy mornings. The standout feature of this property is the one-of-a-kind gunite pool-already installed and ready for relaxation or entertaining. You can enjoy outdoor living year-round from the covered, screened-in porch, which provides a peaceful retreat without the hassle of insects or weather. Inside, the home boasts a flexible layout with a spacious loft, formal dining room, sitting room, and an eat-in kitchen that's perfect for casual meals. The open flow of these rooms offers plenty of options for entertaining or simply relaxing. Unlike new construction, this home is free from the stress of delays, cost overruns, and surprises. Everything has been thoughtfully updated, so there's nothing left to do but move in and make it your own. Why wait months or deal with the uncertainties of building when you can have this beautiful home ready for you today? Enjoy spacious living, luxurious features, and a prime location-all without the wait.
Source: MIBOR #22014767
Source: MIBOR #22014767
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.