Situated in the highly desirable Newtown Grant community is 11 Ginger Court, a custom Victorian home on a private cul-de-sac. There is nothing cookie-cutter about this property - both the floor plan and front elevation are one-of-a-kind as they were a special design collaboration between the original owner, and the reputable builder, David Schernk. The welcoming feel of this home begins with the charming curb appeal, including the Victorian style facade, cedar shake shingles, new paver walkway & belgian block border, and new flagstone on the beautiful front porch. Inside, a 2-story foyer and rich hardwood flooring throughout will impress your guests at every visit. The kitchen boasts solid wood cabinetry, a nice chef's layout, island seating for 2, and opens to the family room/den & dining room so your family can spend more quality time together. A spacious dining room gives generous space to host family & friends, while being adjacent to the kitchen so the host can always be included in the fun. Flow into the comfortable family room/den, which features a brick fireplace surrounded by custom wood built-ins. The fireplace runs on propane so it's easy to create a cozy ambience on chilly nights. Sometimes you need a special space for your interests and hobbies - the living room has crown molding and bay windows creating a lovely area to practice music, read books, or create a productive home office. There is easy access to the outdoors from both the kitchen & family room. A lovely backyard space awaits - just in time to enjoy the warm summer and cooler autumn nights ahead. The deck has plenty of space for relaxing and outdoor dining, while the private yard is the perfect size - big enough for hobbies and sports, yet still easily maintained. There is a main-floor half bath and laundry room/mudroom off the garage for convenience. A partially finished basement provides extra living space, separate & private, awaiting your finishing touches to make it the perfect media room, workout area, playroom etc! Upstairs, the Owner's Suite boasts walk-in closets, bay windows, and a large en-suite bathroom with claw foot soaking tub, glass door shower, and modern vanity. Three more spacious bedrooms with ample closet space & ceiling fans, plus an updated hall bathroom complete this floor. Some notable recent upgrades include: New vinyl privacy fence, new front paver walkway & flagstone porch, newer appliances, underground downspouts, and the prior owner replaced the windows in 2017 (Pella). The HOA of Newtown Grant is $194 quarterly and includes: pool, community room, tennis/pickleball, softball field, walking path, playground, volleyball, basketball court, and common area maintenance. Enjoy this convenient location in the award winning Council Rock School District - just a short drive to so many desirable places like New Hope, Doylestown, Princeton, Trenton, and only 30 minutes to Downtown Philadelphia. The well-maintained surrounding suburban community is very accessible for everyday conveniences like grocery stores, shopping, and dining. If you're searching for a special home with a heart, in an unbeatable location, schedule a private tour to see everything this property has to offer!
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.
