Location, Location, Location!!! Take advantage of this opportunity before it's gone! Welcome to this spacious detached Single Home in Darby Boro of Delaware County! This Property features 3 Bedrooms, 2 Full Bathrooms, Front Porch, Rear Sunroom, spacious detached Garage with a long driveway, & very open & large-sized rear yard! This property has plenty of natural lights to help save on energy! Enter onto a front roof-covered porch and into a spacious living room with carpets & crown-molding extending all the way through to the nice size dining room with a ceiling fan with lights! There is an eat-in Kitchen with a breakfast bar, laminate floors, wood cabinets & built-in appliances (Refrigerator, Stove/Range, Range Hood, Dishwasher, Microwave). Behind the kitchen, open up the sliding glass doors to enter onto a very large & spacious screened Sunroom with concrete floors! Upstairs features 3 good sized bedrooms with ample closets! All of 2nd floor also has carpets all throughout! Main Hallway Full Bathroom on 2nd floor has laminate floors, single vanity, mirror, vanity light fixture, toilet & a spacious stand-up shower with sliding glass doors! There is a very spacious & clean partially finished basement that has a 2nd Full Bathroom with tile floors, a single vanity, toilet & stand-up shower! The basement has a laundry area & a utility area! This partially finished basement has the potential to easily be finished into a big family room or a couple of sectioned out rooms. Hot Water Heater seems to have been installed on 09/19/2024! This is an Estate Sale being handled by an Estate Attorney & Administrator. Property is being sold strictly in AS-IS, WHERE-IS condition! Buyer is responsible for any lender required and/or U&O repairs, as well as Buyer is responsible to obtain the Conditional U&O from Township/Borough. Rents around this area are about $2,100-2,600/month. Why rent when you can own this home for much less than the rents around the area! Public transportation is easily accessible in the area! Close to supermarkets, stores, gyms, restaurants, parks & minutes from Penrose Plaza Shopping Center. Easy access to all major highways! Minutes away from Philadelphia's International Airport, Philadelphia's Auto Mall, Drexel University, University of Pennsylvania, Saint Joseph’s University (formerly known as University of the Sciences), Center City, Penns Landing, & many more! PRICED VERY COMPETITIVELY TO SELL!! GREAT for First-Time Homebuyer or Investor! Get an offer in quickly before it's gone! Available mortgage financing w/ very low down payment & potential lender's grant up to $6,000!! Limited Time Offer Only!!! Ask me how! ***INCLUDES 1 YEAR ASSURANT HOME WARRANTY ***Some photos are virtually staged.***
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.
