Welcome to a home that truly has it all—timeless charm, modern comfort, and a setting you’ll fall in love with the moment you arrive. Nestled on a picturesque 1-acre lot in the highly sought-after Avon Grove School District, this stunning stone Cape Cod offers the perfect blend of character, space, and thoughtful updates. Surrounded by beautiful, mature trees, the setting is peaceful, private, and simply breathtaking. Step inside to discover fresh paint throughout and a warm, inviting layout designed for both everyday living and entertaining. The home features four bedrooms and 3.5 baths, with two bedrooms conveniently located on the main level and two additional bedrooms upstairs, providing flexibility for guests, family, or a home office. Upstairs, the primary suite serves as a private retreat, featuring a large picture window that fills the space with natural light and a walk-in cedar closet—a rare and luxurious touch that adds both charm and function. The finished basement with a full kitchen offers incredible versatility—perfect for extended family, in-law accommodations, or hosting with ease. Step outside to your composite deck, ideal for relaxing or entertaining while overlooking the expansive yard. The property also includes an RV pad in the rear and a spacious 2-car garage beneath the home, offering ample storage and convenience. Perfectly positioned for both tranquility and accessibility, this home is just minutes from Route 896 with a clear, easy drive into Delaware, making commuting a breeze. Nature lovers will appreciate being only a short drive from White Clay Creek Preserve and Fair Hill Natural Resources Management Area for hiking, riding, and outdoor adventures. Homes like this—with charm, space, location, and versatility—don’t come around often. Schedule your private showing today and experience it for yourself before it’s gone.
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.
