Tucked away on a beautifully landscaped lot at the end of a quiet cul-de-sac, this recently renovated Split/Colonial offers outstanding flexibility, including a true in-law suite ideal for multigenerational living, extended guests, or added privacy. Enjoy time together by the inground pool and spa, or unwind with a book on one of the front patios or in the backyard gazebo. Welcome to 111 Richard Drive! A convenient entryway nook and spacious hall closet keep everyday essentials organized and within easy reach. The newly updated eat-in kitchen features elegant quartz countertops, a classic subway tile backsplash, and brand-new LG ThinQ appliances that combine style and modern functionality. The dining room, with French doors leading to the backyard deck, is ideal for easy grilling access and entertaining, while the inviting living room offers abundant natural light from a bow window and additional French doors. Upstairs, the main bedroom includes a ceiling fan and private commode, along with two additional bedrooms and an updated full hall bath with a tub/shower. One level above, an oversized bedroom can also provide flexible space for guests, a playroom, or other needs. A few steps down, the great room offers a cozy wood-burning brick fireplace with built-in shelving and storage, a bow window for natural light, and a door leading directly to the patio. Just off the great room, a separate game room features additional built-in shelving, a double closet, and glass doors that enhance the open feel. This level also connects to the in-law living space, creating exceptional flexibility. French doors separate the two areas, allowing them to function as one home when open or provide privacy when closed. The in-law suite includes its own private front patio and entrance, as well as a living room, office, full kitchen, dining area, half bath, and patio access. A turned staircase leads to the second floor of the suite, where you’ll find a spacious bedroom with a walk-in closet and ensuite bath. Double doors from the bedroom connect the in-law suite to the main home’s upper hallway when desired. Everything you have been looking for can be found in this home which has New Roof, Gutters, Siding 2026! New Carpet, Flooring & Paint in 2026! Enjoy peace of mind with a whole home generator also included. Central Bucks School District which consistently ranks among the top public high schools in Pennsylvania.
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.
