3873 Crest Point Dr, Westfield, IN 46062
4 beds · 3 baths · 2,144 sqft
Welcome Home to 3873 Crest Point Drive in Westfield! This spacious 4-bedroom, 2.5-bath home is ready for you to make it your own! Designed for both comfort and connection, the open-concept main floor creates an easy flow between the Great Room, Dining Room, and Kitchen-ideal for gatherings, entertaining, or everyday living. A charming front porch sets the tone as you step inside, where a dedicated office with French doors offers the perfect spot for work or quiet moments. The Kitchen is a standout with granite countertops, a center island, and plenty of prep space. Step outside onto the huge deck with a pergola, where you can take in views of the creek running alongside the property and enjoy the expansive backyard-perfect for play, gardening, or simply unwinding. Upstairs, a versatile loft area awaits your personal touch. Three spacious bedrooms share a full hall bath, while the primary suite is a true retreat with vaulted ceilings, large windows, and a ceiling fan. The en suite bath features a double vanity, a separate garden tub, a walk-in shower, and two walk-in closets-offering both style and function. A three-bay garage and extended concrete driveway provide ample space for vehicles, storage, and hobbies. Don't miss this incredible home-schedule your showing today!
Source: MIBOR #22024060
Financials
Source: Public records
Source: MIBOR #22024060
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.
What is Roam?
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?
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?
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?
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?
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.