Step into timeless elegance with this stunningly renovated 6-bedroom, 2.5-bath gem, gracefully blending its historic 1925 beauty with sleek, modern upgrades. Located in the highly desirable Mt. Airy neighborhood, this home offers space, character, and convenience all in one impressive package! You'll be immediately drawn in by the classic curb appeal, featuring a private iron gate, green front and side yards, and a welcoming presence that feels like home. With a rare 3-car garage, there’s more than enough room for your car collection, workshop, or creative studio. Inside, you’ll find a warm, inviting living space highlighted by wood floors and sun-drenched rooms, recessed lighting, rounded bay windows, a fireplace, sculptured ceilings, 42-inch cabinets, a jacuzzi tub, walk-in closets, a full-length unfinished walk-out basement, and so much more. The first floor opens into the living room. Double classical staircases add charm and sophistication to this home. Living room staircase leads you upstairs to a luxurious primary suite with a spa-like bathroom featuring custom tile work, modern fixtures, and a serene atmosphere. Two additional large bedrooms and a beautifully updated hall bath round out the second floor. Head up to the third level to find three more generously sized bedrooms, offering flexible space for guests, home offices, a gym, or creative studios. Take a shortcut using the second staircase to return to the first floor, which opens into the dining room and is adjacent to the gourmet kitchen. This kitchen is an entertainer’s dream, complete with a stylish island, bar seating, a custom backsplash, modern appliances, and elegant countertops. Perfect for dinner parties or quiet mornings with a cup of coffee. Step out onto your private deck, overlooking a spacious, fenced-in yard, the perfect canvas for a garden, fire pit, or outdoor entertaining space. A walkway connects front to back, making hosting gatherings a breeze! Just one block from the vibrant Germantown Avenue and minutes from the charm of Chestnut Hill’s boutique shops and acclaimed dining, this location offers the perfect mix of suburban serenity and urban access. Enjoy the vibrant community lifestyle with nearby Carpenter Park, Cliveden Park, and Pleasant Playground. Commuting is a dream with easy access to trains and buses to Center City, Philadelphia, plus an easy commute on Amtrak service to Manhattan/Times Square, NY, and Washington, D.C. This is more than just a home; it’s an opportunity to own a piece of history, modernized for today’s lifestyle. The seller is also offering a $5,000 new carpet allowance to make it your own, along with a 1-year home warranty for added peace of mind. Don’t miss your chance to call this Mt. Airy masterpiece your own! Schedule your private tour today 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.
