19470 Donelson Ln, Westfield, IN 46062
3 beds · 2 baths · 2,178 sqft
Welcome to this stunning, inviting and clean three-bedroom ranch home! It features a gourmet kitchen that is a chef's dream with double ovens, 42" cabinets, large island with overhang for extra seating, ample countertop and storage space. The spacious great room still feels cozy with its gas fireplace. This open floor plan is ideal for entertaining or keeping an eye on small children. The entire home has an abundance of natural light from all of the windows, and a beautiful view out the back without any houses directly behind you. The owners suite is a true retreat. The room is huge providing space for extra seating, storage or whatever your heart desires. It has a large walk-in closet, luxurious en-suite with large walk-in tiled spa style shower, dual vanities and private water closet. All three bedrooms have walk in closets. Additionally, there is a flex space that would make a perfect mudroom or office area, and a spacious laundry room. Enjoy additional storage space in the extended 2 1/2 car garage. A huge positive to this wonderful home is the neighborhood! With a pool, walking trails, and playground there are many outdoor opportunities to get out and enjoy yourself. The neighborhood is conveniently located close to US-31, restaurants, shopping, schools and Grand Park.
Source: MIBOR #22001526
All values shown are estimated costs / mo.
Source: Public records
Source: MIBOR #22001526
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.