Enter this beautifully maintained 2-bedroom, 1.5-bath townhome set on a rare OVERSIZED corner lot, the largest in Roebling’s desirable River Bank community. Tucked away beside a wooded grove along the Delaware River, the home enjoys mature tree views, seasonal bird activity, and stunning fall foliage, while benefiting from the natural cooling effect of the nearby river. Inside, the first-floor living and dining area features a double-glazed door that opens to a thoughtfully designed backyard retreat, creating a seamless indoor-outdoor connection. The home also offers a versatile BONUS ROOM that can easily serve as a home office, guest area, playroom, or flexible living space to suit your needs. The professionally installed paver patio and charming VINYL PERGOLA with shaded seating area provide the perfect setting for relaxing or entertaining, complete with surround sound, in-yard speakers, and a dwarf seat wall. A garage-based music system extends the entertainment outdoors for gatherings with family and friends. The expansive yard is enhanced by established landscaping, including mature trees, shrubs, lilacs, roses, and maples, along with ground lighting and ornamental lamp posts that create a warm, inviting evening atmosphere. A large shed with double doors offers ample additional storage, while a convenient outdoor hose station makes watering plants and maintaining the yard effortless. The generous lot also provides plenty of space for play, pets, or outdoor enjoyment. Major systems have been UPDATED for peace of mind, including HVAC in 2019 and the water heater in 2021. With its premium location, expansive lot, and thoughtfully designed outdoor living spaces, this home presents a rare opportunity in the highly sought-after River Bank community. Centrally located with easy access to the Train Station/River Line and major highways, including Route 130, the NJ and PA Turnpikes, and I-295, it combines convenience with lifestyle. Don’t miss out, call today!
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.
