Location, Lifestyle, And Luxury—15 Millway Road Truly Has It All. Completely Renovated And Absolutely Stunning, This 4 Bed, 2.5 Bath Winthrop Model In Lumberton’s Highly Sought-After Powells Mill Community Offers Over 2,800 Sq Ft Of Beautifully Curated Living Space Designed For Today’s Modern Buyer. But What Truly Sets This Home Apart Is The Unbeatable Location. Perfectly Positioned For Today’s Busy Lifestyle, You’re Just: • Approximately 30 Minutes To The Hamilton Station For Easy Access To NYC • About 30 Minutes To Philadelphia For Dining, Culture, And Entertainment • Roughly 30 Minutes To Joint Base McGuire-Dix-Lakehurst • Just 5 Minutes To Downtown Mount Holly For That Charming “Main Street USA” Feel With Shops, Restaurants, And Community Events • Walking Distance To Local Schools, Parks, And Everyday Conveniences From The Moment You Arrive, You’ll Feel It—This Is The One. A Grand Foyer With Soaring Ceilings And Custom Millwork Welcomes You In, While Brand New Luxury Vinyl Flooring, Fresh Paint, And Elevated Designer Lighting Create A Bright, Cohesive, Move-In Ready Experience Throughout. At The Heart Of The Home, The Fully Renovated Chef’s Kitchen Is A True Showpiece—Featuring A Massive Quartz Island, Unique White Tile Backsplash, Rich Dark Wood Cabinetry, Recessed Lighting, And Seamless Access To The Sunroom—Perfect For Everyday Living And Effortless Entertaining. The Adjacent Family Room Is Flooded With Natural Light From Walls Of Windows Overlooking A Private, Wooded Backdrop—Creating The Ideal Space To Gather, Relax, And Recharge. Need Flexibility? A Private Home Office With French Doors, Formal Living And Dining Spaces,Updated Pwder Room, And A Beautifully Updated Mudroom Add Both Function And Style To The Main Level. Upstairs, Escape To Your Expansive Primary Suite With Vaulted Ceilings And A Brand New Spa-Inspired Bath Featuring A Striking Modern Soaking Tub—Your Personal Retreat At The End Of The Day. Three Additional Generously Sized Bedrooms And A Fully Renovated Hall Bath Complete The Upper Level. Step Outside And Fall In Love All Over Again—A Meticulously Landscaped Yard, Custom Patio, And Gas Fire Pit Create The Ultimate Outdoor Living Experience Backing To Peaceful Woods. With A 3-Car Garage, Full Basement, High-End Finishes, And A Location That Checks Every Box, This Home Offers The Perfect Blend Of Luxury, Comfort, And Connectivity. Opportunities Like This Don’t Come Often—15 Millway Road Is More Than A Home, It’s A Lifestyle.
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.
