Tucked within the sought after Flowers Mill 55+ community, this lovely Curtis model offers easy living with a warm and inviting feel throughout. Sun filled living spaces and an open flowing layout create the perfect setting for both everyday comfort and elegant entertaining. The spacious kitchen offers gleaming oak cabinets, formica counters with a breakfast bar, under-cabinet lighting, stainless steel dishwasher and refrigerator, gas range, microwave oven and a charming breakfast room surrounded by sunny windows that overlook the peaceful outdoor setting. The kitchen opens seamlessly to a dining room with ample room for a full-sized table and corner cupboard or side board. The adjacent living room will beckon you to curl up for a good movie or linger with friends or family. Looking for a great place to settle down with a good book or work remotely? The sunroom offers the perfect spot and opens to a tranquil patio surrounded by mature landscaping, ideal for morning coffee or relaxing evenings with friends over cocktails. The spacious 1st floor primary suite provides a peaceful retreat with generous walk-in closet space and an ensuite full bath with dual vanity and walk-in shower with glass doors. A convenient laundry area, interior access to a one-car garage and nicely appointed powder room complete the main level. Follow the main staircase to the 2nd level which boasts a large 2nd bedroom with double closet, full bath with tub and shower, and two storage areas. Note new roof in 2019 (HOA responsibility) and new HVAC in 2022. Move right in and take advantage of all the exceptional social activities and amenities that Flowers Mill offers including a clubhouse, indoor and outdoor pools, tennis, bocce and pickleball courts, fitness center, and scenic walking paths. Live just minutes from quaint eateries, a local farm market, shopping, dining, and easy commuting to Philadelphia, Princeton Corridor, King of Prussia and NYC via I-295, Route 1, PA Turnpike and local trains. Make this lovely home your own and soak up all the best that Bucks County has to offer...
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.
