Welcome Home to 1305 Center Road a beautifully maintained home that blends classic charm with everyday comfort. This inviting home features a spacious living area filled with natural light, creating a warm and welcoming atmosphere from the moment you step inside. The main level offers a comfortable layout perfect for both relaxing and entertaining, featuring a bright living room, a well-appointed kitchen, and a dining space ideal for gatherings. Conveniently, the first floor also includes a nice size bedroom and a full-size bathroom perfect for guests, flexible living arrangements, or a home office. The first-floor laundry area that doubles as a mudroom adds everyday convenience and leads directly to a private, large rear yard, ideal for outdoor entertaining, gardening, or simply enjoying your own outdoor retreat. On the second-floor level you’ll find two large bedrooms with closet space, along with a full bathroom designed for comfort and functionality. The basement offers a blank canvas and even more versatility, offering additional option to add a bedroom that does not compromise the additional living or recreational space, your choice along with a 1.5 bath for added convenience. Outside, enjoy the expansive rear yard that’s perfect for outdoor dining, gardening, or unwinding after a long day. The home also includes driveway, off-street parking a garage for additional parking and storage options, adding to its practicality. Located in a desirable neighborhood in the Haverford Township School District, this property offers easy access to local shops, dining, parks, and major commuter routes 476; 95 and Route 1; making it a great choice for those seeking both convenience and community. Don’t miss the opportunity to make this charming home your own 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.
