You won’t want to miss this one! Welcome to this stunning, oversized brick ranch set on a full acre in quiet, sought-after Gibbstown. Even better—the Gibbstown Swim Club is just around the corner and within walking distance, making summer fun and effortless. Step onto the charming covered front porch and into a home that instantly feels warm and inviting. The spacious living room is anchored by a massive brick fireplace with a wood-burning fireplace, creating the perfect gathering spot for cozy nights and entertaining alike. The fully remodeled kitchen is truly a showstopper, featuring KraftMaid cabinetry with soft-close doors and drawers, quartz countertops with an elegant ogee edge, and under-cabinet lighting. High-end appliances include a Samsung refrigerator and freezer that makes craft ice balls, a gas range with double ovens, and a built-in microwave that also functions as a convection oven. The open dining area flows seamlessly from the kitchen, making hosting a breeze. Just off the living room, enjoy the heated sunroom, perfect for year-round relaxation. The main-floor laundry adds everyday convenience and includes custom built-in cabinetry, access to the backyard, and entry to the two-car garage. A fully updated bathroom (2025) completes this level. The home offers three comfortable bedrooms, each with large closets and built-in dressers. The oversized second bathroom features a tub/shower combo, brand-new double vanity, fresh paint, and tile flooring. Downstairs, the partially finished basement expands your living space with a huge family room, complete with another brick wood burning fireplace —ideal for large gatherings or cozy movie nights. There’s also ample storage space throughout. Outside is where this property truly shines. Sitting on a private one-acre lot with no close neighbors, you’ll love the stamped concrete patio, fire pit, and large shed—perfect for relaxing, entertaining, and enjoying the warmer months ahead. Conveniently located near I-295, PA and DE bridges, and just 15 minutes from Philadelphia and Cherry Hill, this home offers the perfect balance of privacy, comfort, and accessibility. Schedule your private showing 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.
