Welcome to 124 Alexandria Street, located in the highly desirable Waterside community of Bensalem, PA—where modern living meets a vibrant riverfront lifestyle. This beautifully maintained Arlington floor plan is the ONLY floor plan in Waterside that offers a 2 car garage and 4 bedrooms (and is also the LARGEST model available). This Lennar built home offers the perfect blend of comfort, style, and convenience in one of Bucks County’s most sought-after neighborhoods. Step onto your covered front porch and inside to discover a flexible main level perfect for a home office, study, or additional lounge area — ideal for remote work or play. The oversized two car garage is accessed on this level, along with a spacious coat closet. Ascend to the spacious open-concept living area where the gourmet kitchen awaits with a generous peninsula with seating for 4, 42" shaker style cabinetry with crown molding, gas cooking, stainless steel appliances, an oversized pantry, and a seamless flow into the living and dining spaces — an entertainer’s dream. The living space features an electric fireplace and views of the Delaware River, along with a half bathroom for added convenience. The third level hosts two comfortable bedrooms, along with a serene primary suite with a private full ensuite bath — your personal retreat. There is also a spacious full bathroom on this level, along with your laundry- so you don't have to go far to do laundry! On the fourth floor, a versatile loft with a full bath & a large walk in closet offers endless possibilities as a guest suite, bonus room, gym, or creative space, adding excellent flexibility to your floor plan. There is also a sliding glass door leading out to a private deck. Additional features include contemporary baths on every level, abundant natural light, quality finishes, and low-maintenance living in a prime Bucks County location — close to shopping, dining, commuter routes, and recreation. With over 2,500 square feet of living space, and low-maintenance living, you don't want to miss your opportunity to make this exceptional property your new home. Schedule your private tour 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.
