BRAND NEW SEPTIC SYSTEM BEING INSTALLED. Welcome to your dream home in the highly sought after neighborhood of Little Mill Acres in Evesham Township. This 4-5 bedroom, 2 full bath and 2 half bath home blends everyday comfort with resort-style living. Step inside to find a souring 2-story foyer, hardwood flooring and a first-floor office with sliding barn doors, perfect for working from home. The updated kitchen features beautiful cabinetry, granite countertops, stainless steel appliances and a layout ideal for both daily living and entertaining. The adjacent family room features a wood-burning fireplace and recessed lighting. Also on this level is a formal living and dining room, laundry room and an updated ½ bathroom. Upstairs you will find 4-spacious bedrooms, including a primary suite with walk-in closet and a new, spa-inspired bathroom, complete with freestanding soaking tub, double bowl vanity and a stall shower. This home also features a finished, walk-out basement with a built-in bar, projector screen for movie nights, a half bath, gym area and a flexible room that could serve as a fifth bedroom, playroom or 2nd home office. Outside is where this home truly shines. Enjoy summer days in the heated, Gunite inground pool and spa, surrounded by elegant pavers, a composite deck and a beautifully landscaped backyard. A covered patio/cabana by the pool creates the perfect spot for relaxing or entertaining rain or shine. Car enthusiasts, hobbyists, or anyone needing extra space will love the 2-car attached garage with Garage Tek system plus a large detached garage with walk-up loft, offering endless possibilities for storage or a workshop. This home offers the space, upgrades, and backyard oasis you’ve been dreaming of—perfect for entertaining, relaxing, and making lasting memories. Other updates include: A dimensional shingle roof (8yrs), Heater (3yrs), Water Heater (2yrs), Garage doors (1yr), Pool heater (5yrs), Pool safety cover and invisible fencing. Schedule your tour today, you won't want to miss this one!
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.
