882 Brookshire Dr, Franklin, IN 46131
3 beds · 3 baths · 2,524 sqft
Get a free consultation call with an expert in the mortgage assumption process.
This two story 3 bedroom 2.5 bath home has so much to offer. Located in Heritage sub-division one of the best places in Franklin to raise a family. Enjoy walks or bike rides on mulitple trails, swim in the well maintained pools, also tennis, basketball, and multiple playgrounds for the little ones. Plenty of safe outdoor space to enjoy family time, including a private fenced in backyard, and patio at this very well maintained home. A beautiful large kitchen with quartz countertops, and combination dining area. Enjoy morning coffee in the sunroom over looking the private backyard. Work from home in the main level spacious office. Then spend family time watching your favorite show on tv in front of the fire place, or in the massive 23x15 upstairs family room. You will enjoy the large 17x16 master suite, including a garden tub and seperate shower, and a walk-in-closet that you have dreamed about. The 2nd, and 3rd bedrooms also will enjoy large walk-in-closets with a conveniently located upstairs 2nd full-bath. This house offers everything including a full laundry room, and a garage with beautiful epoxy floors. Schedule a showing today, so that you can see how beautiful this home is in person.
Source: MIBOR #22000451
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 #22000451
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.