Buy 13533 Erlen Dr, Fishers, IN with a 4.25% mortgage included. (2025)

$304,995

2 beds · 3 baths · 2,061 sqft

This beautiful 2-story condominium offers the ideal combination of modern style, comfort, and low-maintenance living, making it the perfect home for a variety of buyers. Whether you're a busy professional seeking a hassle-free space, a small family looking for a convenient home, or anyone in need of a stylish, well-located property, this condo has everything you need. Offering 2 spacious bedrooms, 2.5 bathrooms, and a versatile loft area, this home is designed with both functionality and relaxation in mind. The open-concept design of the living and dining areas creates a bright and airy atmosphere, making the most of every square foot. Natural light floods the space, adding warmth and a welcoming feel. The spacious living room flows seamlessly into the dining area, offering the perfect setup for both everyday living and entertaining. Whether you're relaxing after a busy day, hosting friends, or enjoying a family dinner, the layout allows for effortless flow between spaces, enhancing the overall livability of the home. Conveniently located near I-69, restaurants, hospitals, and award winning schools, this condo combines comfort with convenience. Schedule a tour today and see it for yourself! Sold As-Is with no issues they are aware of and offering a home warranty. All kitchen appliances 2-3 years old. Furnace installed in 2020, Water heater 5-6 years old. Updates: paint, LVP, carpet, quartz countertops, backsplash, newer SS appliance with convection double oven, and convection microwave. Garage has epoxy floor with storage cabinets. Monthly HOA of 305.00 includes water, trash, and sewer! Plus, an additional $450 for the Annual Master Dues. Community pool access offered for an additional 125.00 per year.

Source: MIBOR #22010123

Estimated

Seller's interest rate

4.25%

7%

Estimated

Principal & interest

$805/mo.

$998

You may also save up to $43,543in total interest paid.

Listing price

$304,995

Your cash down payment

$179,795

Seller’s estimated current equity is $179,795

To assume this mortgage you must cover the seller’s equity by using your cash or by combining your cash with a 2nd mortgage.

Estimated $805 monthly payment

Financed

$125,199

Assumed mortgage 4.25% • Seller's rate

$125,199

2nd mortgage 9.25% • No prepay penalty

$0

Interest rate and monthly payment estimated based on public records.

Roam helps you take over the seller’s lower interest rate 1

We help you assume the seller's mortgage and avoid higher prevailing market rates.

45-day closing guarantee 2

We work directly with the mortgage servicer to help you quickly and easily close the transaction.

Location

Details

Home

Size

2,061 sqft

Lot size

0.05 acres

Year built

2007

Type

Condominium

Source: MIBOR #22010123

Loan

Remaining term

18 years, 10 months

Rate

4.25%

Monthly P&I

$805

Remaining loan balance

$125,199

Source: Public records

How it works

Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.

Tour

Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.

Offer

Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.

Close

Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.

Who can qualify

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.

Frequently asked questions

What is Roam?

Buy 13533 Erlen Dr, Fishers, IN with a 4.25% mortgage included. (1)

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?

Buy 13533 Erlen Dr, Fishers, IN with a 4.25% mortgage included. (2)

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?

Buy 13533 Erlen Dr, Fishers, IN with a 4.25% mortgage included. (3)

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?

Buy 13533 Erlen Dr, Fishers, IN with a 4.25% mortgage included. (4)

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?

Buy 13533 Erlen Dr, Fishers, IN with a 4.25% mortgage included. (5)

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.

View all FAQs

Resources

  • How Roam works
  • Assumable mortgages 101
  • Customer Stories

Last updated: Jan 15, 2025 06:26 am

Listing agent: Lisa Bishop(317) 690-2643

Listing provided courtesy of: CENTURY 21 Scheetz(317) 595-0021

Details provided by MIBOR and may not match the public record.
MLS ID: #22010123

Buy 13533 Erlen Dr, Fishers, IN with a 4.25% mortgage included. (6)

Based on information submitted to the MLS GRID as of Jan 15 2025 - 09:15. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Buy 13533 Erlen Dr, Fishers, IN with a 4.25% mortgage included. (7) Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.

Disclaimers

1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.

2 30 day guarantee is subject to credit approval by your loan servicer.

3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.

4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.

Buy 13533 Erlen Dr, Fishers, IN with a 4.25% mortgage included. (2025)
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