Located in the popular Carey Commons community in Westfield, this spacious two-story home offers over 2,500 sq ft with 5 bedrooms, 2.5 baths, and a 2-car garage. The exterior features a blend of brick, vinyl siding, cedar accents, mature trees & well-maintained landscaping that creates great curb appeal. Inside, you'll find durable vinyl plank flooring throughout the main level & an open, functional layout. The welcoming foyer leads to a versatile living/flex room that flows into the large family room, complete with a cozy wood-burning fireplace & oversized windows that fill the space with natural light. The family room opens seamlessly to the kitchen & dining area, making it ideal for everyday living & entertaining. The kitchen offers stainless steel appliances, ample cabinet space, a pantry, and a convenient built-in desk/work area. A main-level laundry room & updated half bath add to the home's practicality. Upstairs, you'll find five generously sized bedrooms. The primary suite features a ceiling fan, a spacious updated bath with double vanity & a large walk-in closet. The secondary bedrooms include great closet spaces & share an updated full bathroom. Step outside to enjoy the backyard with a large paver patio, fire pit, storage shed & mature trees-perfect for relaxing or hosting gatherings. The 2-car garage is equipped with an EV plug, workbench area & built-in shelving for added functionality. A standout feature of this home is its location-backing directly to Simon Moon Park, offering easy access to a playground, sledding hill, fishing pier, boardwalks & much more with connection to the Midland Trace Trail. You'll also love the convenience of nearby shopping, dining & local amenities. A rare 5-bedroom opportunity in Westfield-this one is worth a look today, so you don't want to miss out on this one. (Recent updates include new roof & HVAC System in 2023, New windows, siding, gutters & cedar trim all in 2021, New overhead garage door & springs in 2025)
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.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
