Move in ready and beautifully updated in Mount Holly Township. This approximately 1,612 square foot, remodeled 3 story twin home offers 4 bedrooms and 2 full bathrooms, with a layout that gives you real flexibility. Enjoy parking for multiple cars in the double wide, extra long driveway, plus a large detached garage. Remodeled in 2022 with features buyers love, including laminate flooring throughout, recessed lighting, vinyl replacement windows, and 6 panel doors. Major items reported replaced in 2022 by the previous owner include gas heat, central air, and the water heater. Step onto the charming wrap around front porch and into a spacious living and dining area that flows into a modern kitchen with white cabinetry, granite countertops, and stainless steel appliances, including electric range, dishwasher, microwave, and refrigerator. Need a main level bedroom and full bath. You have it. The first floor includes a bedroom and a full bathroom with shower stall, also ideal as an office, playroom, or workout space. The second floor features two additional bedrooms and a standout full bathroom with double sinks plus both a tub shower and a separate shower stall. The third level is a finished attic that works perfectly as a loft style fourth bedroom. Outside, the backyard offers great space for outdoor entertaining. Basement includes washer and dryer hookups. Garage door and door opener convey in as is condition. Solar panels are approximately $222 per month. Enjoy potential savings on your electric bill while benefiting from a more energy efficient home. Live close to all that Mount Holly, NJ is known for, including a historic downtown feel, walkable streets, local shops, Mill Race Village, and nearby Smithville Park and Smith’s Woods. Popular nearby spots include Gallagher’s Taproom, Downtown Pizza and Grill, and Stratosphere Brewing Company. Convenient location with access to NJ Turnpike, Route 295, Route 38, and an easy drive to Philadelphia bridges and nearby PATCO stations. Ring camera at front door. There's an alarm system. Video/Audio monitor on 1st Floor. All equipment will be removed by the sellers before settlement.
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.
