Most houses offer four walls, this Woodstown home offers comfort, privacy, and thoughtful features. Set on a double-sized lot with an elevated position along the street, the property provides a welcoming presence and a well-rounded layout. A fenced perimeter adds both curb appeal and peace of mind as you arrive, along with a front porch that provides a comfortable place to relax and enjoy the neighborhood. Enjoy quiet mornings with views of the wooded backdrop and relaxing evenings outdoors under the garden lighting, or spend time on the front porch watching the seasons change. The property offers walking access to the local lake and is nestled along a known raptor corridor, where Bald Eagles are frequently seen flying overhead. Nearby historic train tracks where the Woodstown Central Railroad runs add to the area’s small-town character and charm. Located in the heart of Woodstown, you can stroll to the Town Center and the Woodstown Diner, including the on-site pub owned and operated by Thomas Drayton of FOX 29. The home also offers easy access to Woodstown’s seasonal events, 4th of July parade, and fireworks. With Woodstown’s restriction on overnight street parking, off-street parking is a major advantage—and this property truly delivers. An enormous amount of off-street parking includes a large carport suitable for RV or oversized vehicle parking, along with ample space for multiple vehicles, guests, work vehicles, or recreational equipment. The home was proactively designed to exceed traditional construction standards using high-performance modular engineering. Built in a climate-controlled environment, the construction process helps prevent trapped moisture, resulting in a tighter, more energy-efficient home than many site-built properties. Reinforced framing and specialized fasteners mean the home uses significantly more structural material than standard construction, contributing to long-term durability and rigidity. Multiple factory-phase inspections, along with local municipal inspections, ensure full code compliance and consistent build quality. The home is solar ready for energy efficiency. A 1,500 sq' detached 4-car building, with 2- 240V lines adds significant flexibility and is partially insulated and fully vented, making it well suited for year-round use. It provides excellent storage for motorcycles, four-wheelers, or other recreational equipment. Plus an oversized carport suitable for a large RV. The full basement features higher ceilings than typically found in the area and offers a versatile space that would make a great man cave, game room, or workshop. Although conditioned with a recently installed Trane HVAC system, a pellet stove in the basement provides an additional heat source. A low-maintenance PVC deck offers a comfortable area for outdoor gatherings. The home features a large kitchen that opens into the main living area, creating an open-concept layout with plenty of room for entertaining and everyday living. A beautiful stone gas fireplace anchors the living space and adds warmth and character. The layout offers great flow for hosting family and friends. The home also includes a desirable first-floor primary bedroom, providing the convenience of one-level living. While the laundry is currently located in the basement, additional laundry hookups are already in place in the mudroom, offering flexibility for future relocation. Combining the above-ground living space, basement, and garage area, the property offers a total of approximately 5,588 square feet of usable space, providing exceptional flexibility for living, storage, hobbies, and entertaining. Mature holly trees and established landscaping create natural screening and year-round greenery, enhancing privacy and outdoor enjoyment. A well-maintained home offering generous living space, quality construction, practical upgrades, exceptional parking options, and a convenient Woodstown location plus the seller is offering a home warranty.
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.
