** OPEN HOUSE: Saturday 5/23 / 12-2 PM!! ** This wonderful turn-key home constructed in 2001 backs to the greens of highly desired Deerwood Country Club in Westampton and is sure to win you over at the first steps inside! The grounds, lawn spaces and common areas which are all professionally maintained by the HOA, welcome you along with the 2-car garage and lovely curb appeal. As you step into the oversized light and bright Foyer, you'll discover luxury vinyl plank flooring carries you throughout the main level. The large Living Room showcases tons of windows allowing in tons of natural light and is perfectly adjoined with the Kitchen enabling everyone to remain connected! Beautiful neutral paint colors draw you in throughout this beautiful home. The Kitchen features ample bright white cabinetry, modern countertops with stunning backsplash, stainless appliances w/gas cooking range, and an eat-in breakfast nook with sliding doors out to the back porch which overlooks the golf course. The formal Dining Room and convenient Half Bathroom finish this level off nicely! Ascend upstairs where you'll discover the ideally placed upper level Laundry Room as well as the Primary Bedroom. The Primary Bedroom is the epitome of luxury offering an attached ensuite Bathroom, huge walk-in closet AND sitting room/office with sliding doors to the owners private golf course overlook! The Primary Bathroom is home to a large soaking tub, walk-in shower, as well as double sink vanities. This true oasis will be a wonderful landing zone for the new owners. Just down the hall are two additional wonderful sized Bedrooms and an additional full shared Bathroom with a tub/shower combination. The outstanding full unfinished Basement with poured concrete walls and built-in French perimeter drain is a HUGE VALUE ADD and may be easily personalized or finished to the new owners tastes! The location is beyond ideal with EASY COMMUTING routes into Philly, the Joint Base, or several shore points! The Turnpike and I-295 as well as Route's 38 & 206 make getting anywhere simple! There are OPTIONAL MEMBERSHIPS to the Golf Course and Pool amenities available to owners as well. Icing on the cake; the HOA is installing a NEW ROOF on all units this year AND the Sellers are providing a 1-year First American HOMEBUYERS WARRANTY to the Buyers at settlement for their peace of mind covering all major systems in the home! A NEW HOT WATER HEATER was installed in 2021 and the NATURAL GAS FURNACE, and easy tilt/clean EFFICIENT VINYL WINDOWS make this home efficient and one to love! This one checks all the boxes and is the ticket to an easy living, no outdoor maintenance required lifestyle for the lucky buyers - be sure to schedule your private tour 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.
