963 Retford Dr Westfield, IN 46074
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About this home
(Notice: This house has new carpet and all new interior paint! It's like a brand new home!) This beautiful 4 bedroom two story home is located in Westfield, Indiana, one of the fastest growing suburbs in America. Westfield is great for property value and resale. Westfield high school is rated in the top 10 in the state, shopping is great and roads for travel to work are excellent. It's located in Maple Village, south of state road 32. You'll love the loft upstairs on cold winter nights. Most everyone needs an office, it's on the man floor. Refrigerator, washer and dryer stay with the home! You'll appreciate the fenced in back yard, great for play, children and pets. This house is move in ready, no need to spend extra money updating anything. Note: The sellers close on their new house mid October. We'd like to time the closing on this house for mid October also, same day if possible. Think about it, a 4 bed, 2 story home, all new carpet and interior paint, fenced in back yard and located south of state road 32. This is a house to see this house this week. (TVs go, TV mounts go)
Source: MIBOR #22058472
Loan details
Neighborhood
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FAQs
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.