Move-In-Ready End-Unit Townhome in Williamsburg Village This extensively updated home presents an exceptional opportunity for buyers seeking a modern, low-maintenance residence in a highly convenient location. Thoughtfully renovated throughout, the property features new flooring on both levels and newer windows installed in 2020, enhancing both comfort and efficiency. The spacious, remodeled kitchen is appointed with granite countertops, brand-new appliances, and a contemporary bar area ideal for meal preparation and entertaining. The main living area offers a welcoming electric fireplace and durable ceramic tile flooring on the first level. An updated powder room, full laundry room, and direct interior access to the garage—complete with a 2023 insulated garage door—provide exceptional functionality. The second level includes a remodeled full bath with elegant ceramic tile and a main bedroom equipped with its own private full bath for added convenience and privacy. Outdoor amenities include a fenced patio area for relaxation and an additional designated “puppy pad” space. The property backs to a wooded area, offering uncommon privacy for a townhome setting, and is situated on a quiet cul-de-sac with ample additional parking. Commuters will appreciate the home’s proximity to major routes, including Rt 130, Rt 206, I-295, the NJ Turnpike, and the RiverLine train. Additional storage is available via pull-down attic stairs. This home has been meticulously updated and is truly move-in ready—an excellent opportunity for buyers seeking quality and convenience.
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.
