Nestled in the charming Shope Gardens neighborhood, this ranch-style home offers a perfect blend of comfort and modern living. Built in 1955, this renovated, well-maintained residence features a warm and inviting atmosphere, ideal for creating lasting memories. Step inside to discover an open floor plan that seamlessly connects the living and dining areas, enhanced by beautiful wood accents, and hardwood and luxury vinyl plank floors. The spacious kitchen, equipped with stainless steel appliances that includes a built-in microwave, dishwasher, 5 burner gas range, oversized apron farmhouse sink, soft-close drawers, and spacious quartz counters with an Arabesque ceramic tiled backsplash surround is perfect for culinary adventures. As the cold weather approaches, enjoy cozy evenings by the gas fireplace that will be replaced soon with a new insert to add a touch of warmth to the living space. The family room can easily be used as a home office with a separate entrance. The home boasts two comfortably sized bedrooms, each designed for relaxation. The primary ensuite bath features a luxurious jetted walk-in tub, providing a spa-like retreat with a marble topped double vanity. Don't worry about stepping out of the walk-in shower on to a cold ceramic tiled floor in the main bathroom because the floor is heated. Thoughtful details like recessed lighting and built-ins add to the home's charm. Outside, the property is adorned with sidewalks and features a cover rear patio and covered front porch, perfect for enjoying morning coffee or evening gatherings. The 0.16-acre lot offers ample space for outdoor activities, especially in the back yard, while a convenient shed provides extra storage. With off-street parking for two vehicles and energy-efficient windows, this home combines practicality with comfort. The unfinished basement offers potential for customization, whether for additional storage and/or future living space. The roof has 19 years remaining on the transferrable warranty. The counter top in the kitchen has a lifetime warranty that is transferable. This home is conveniently located to major highways and Harrisburg International Airport. This inviting residence is ready to welcome YOU home. Don’t miss the opportunity to make it YOUR home! Contingent upon the Seller finding suitable housing and may require a lease back/post settlement possession. Buyer/Buyer's Agent is responsible for verifying square footage/lot size and tax information.
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.
