Welcome to 1065 Beaver Creek Rd, a beautifully maintained colonial offering spacious living, abundant natural light, and a versatile layout ideal for both everyday living and entertaining. The professionally manicured front lawn and thoughtfully designed landscaping create exceptional curb appeal and a welcoming first impression. Inside, the foyer opens to bright formal living and dining rooms featuring hardwood flooring and large windows that fill the space with natural light. The well-appointed kitchen offers a center island, stainless steel appliances, ample cabinetry, and a pantry, along with convenient access to the attached two-car garage. The adjoining breakfast nook opens to the rear deck—perfect for morning coffee or outdoor dining. The stunning family room serves as the centerpiece of the home with soaring vaulted ceilings, skylights, and floor-to-ceiling windows that showcase beautiful backyard views while filling the space with natural light. Upstairs, the spacious primary suite offers fresh paint, a walk-in closet, and an updated en-suite bath with dual vanities and a walk-in shower. Three additional generously sized bedrooms provide flexibility, including one with a private half bath and another with access to a walk-up attic for excellent storage. A convenient upper-level laundry room adds everyday functionality. The finished lower level expands the living space with a large recreation area featuring a wet bar, a flexible alcove perfect for a game or media area, walk-out backyard access, and a spacious utility room for additional storage. Outdoor living is equally impressive with professionally landscaped grounds, a large in-ground heated pool, fenced patio area, and a spacious deck overlooking the private backyard and scenic surrounding hills—perfect for relaxing or entertaining while enjoying breathtaking sunsets. Conveniently located minutes from downtown Hanover, Hickory Falls Family Entertainment Center, Codorus State Park, South Hills Golf Club, shopping, dining, and major commuter routes including Route 30 and Route 94. Numerous updates provide peace of mind, including new interior doors (2019), roof (2020), washer/dryer (2021), pressure tank (2022), dishwasher (2022), toilets (2022), garage circuit breaker (2022), energy efficiency improvements (2022), heat pump (2023), main circuit breaker (2023), gazebo (2023), pool pump (2024), furnace pressure switch (2024), garbage disposal (2024), bathroom exhaust fans (2024), Stailness steel flu for chimney (2018), Breaker box and hookup for EV car, or hot tub, and garage door (2026). A rare opportunity offering space, comfort, and exceptional indoor-outdoor living. OFFER DEADLINE 4/21 7PM.
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.
