** PRIVATE SHOWINGS AVAILABLE DAILY ** Welcome to 107 David Lane, an exceptional move-in-ready home situated on a private cul-de-sac within one of Lansdale's most desirable and established neighborhoods. This beautifully updated 4-bedroom, 3-bath residence offers over 3,000 square feet of living space, excluding the fully finished basement and 2-car garage. The home is located within the award-winning North Penn School District and has undergone extensive updates throughout, including newly refinished authentic hardwood floors, fresh neutral paint, new carpeting, updated doors and windows, and a resurfaced driveway with parking for six or more vehicles. Step inside to a welcoming foyer that opens to a bright formal living room with a bay window, a spacious dining room perfect for entertaining, and a stunning kitchen. The updated kitchen features white cabinetry, granite countertops, tiled backsplash, stainless steel appliances, an eat-in breakfast bar, alongside a cozy dining nook overlooking the lush backyard. Adjacent to the kitchen is a comfortable family room with direct access to the expansive patio area. The large rear patio has been beautifully equipped with an electronic retractable shade awning, allowing you to enjoy sun or shade at the touch of a button. A refreshed wood deck on the side of the home, and a lush green backyard with a storage shed complete the outdoor living space. Upstairs, the primary master suite includes a walk-in closet and a private en-suite bathroom with a custom-tiled walk-in shower and sliding glass doors. Three additional spacious bedrooms and a full hall bath complete the second level. Downstairs, the finished basement provides additional versatile living space, ideal as a media room, play room, home office, or gym area, with brand-new laminate flooring and paint throughout. Adjacent to the main space is an additional bonus room, which offers ample storage or the potential for an in-home workshop or studio. Additional features include an oversized two-car garage with interior access and remote openers, an upgraded driveway with fresh asphalt, energy-efficient windows, a propane fireplace, and central air conditioning & heating. Located in a friendly neighborhood on a quiet cul-de-sac. Located near major commuter routes, including 309, 202, I-276, and I-476, this home offers both convenience and comfort. With its modern upgrades, flexible floor plan, and prime location near top-rated schools, major employers such as Merck, Johnson & Johnson, the Montgomeryville mall, and dining. 107 David Lane truly stands out as a rare turnkey opportunity in Lansdale. **Call the Listing Agent Today to schedule a Private Tour**
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.
