This four-bedroom home in Delran’s popular Tenby Chase section will surely please! Sitting pretty on a slight rise above the road, this home offers plenty of curb appeal with its grey, easy maintenance vinyl siding and white trim. Enter the home’s foyer that opens to an inviting, large and bright living room. The living room connects to the well-proportioned dining room with a French door that leads to the enclosed four-season room extending the home’s living space and brings a sense of the outdoors in. The kitchen features ample storage space, including rich wood cabinetry that reaches up to the ceiling, granite countertops, and stainless-steel appliances. The kitchen features a dining area creating a warm and cozy space for a cup of coffee or casual dining while looking out onto the deck and private backyard. The kitchen also opens to the family room bringing everyone together whether it be for game day fun or just sharing space while a meal is prepared, creating a very social flow between the kitchen and family room. The family room is a nice and open space featuring a brick fireplace that creates a visual warmth to the room. The family room also has a door to the deck and backyard and a window that brings in plenty of natural light. Beyond the family room is a convenient and nicely appointed bath with shower and laundry area with sink and updated washer/dryer and additional closet space that all lead to the garage. At the top of the second floor is an oval window that adds not only an interesting design and visual detail but brings in welcomed natural light to the hallway. Here, on the second floor, you’ll find continuous laminate wood flooring that brings a finished look to the entire second floor. Each of the four bedrooms is nicely proportioned with the primary overlooking the private backyard. The full hall bath features a most convenient “split room” option with an updated vanity that can be separated for privacy to the shower, toilet and a second sink with linen closet. The home also has a partial basement with a french drain, giving you opportunity for added storage, play or workspace. The seasonal porch, flooded with sunlight, sits off the back of the home is a wow space overlooking your park-like and private backyard, this room offers a relaxing space to watch flowers and trees bloom, birds and even snowfalls with the feeling of being outdoors without feeling the temperature swings. All this while being conveniently located to the areas shopping, dining and with Philadelphia or points north all being within reach you'll appreciate the centrally located feel. Don’t miss the opportunity to call this beautiful house, home.
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.
