This exquisite and stately colonial style home is ready for its new owners! The owners have recently invested over 50k in upgrades! NEW RENOVATED KITCHEN with all new smart, high efficiency appliances to provide many years of enjoyment for the chef in you! Perfectly located on a corner lot in the desirable Wilton's Corner neighborhood of Winslow Twp. The moment you walk through the main entrance you will soak in the thoughts of memories to be made here, with a warm and cozy feel, combined with style and elegance. The owners have carefully designed every room to accommodate a buyer who is particular in design, decor, colors, and space. The foyer features a vaulted ceiling with a custom crystal chandelier and beautiful lighting. Crown molding adorns the formal living and dining rooms, with chair railing and neutral wall colors that are warm and soothing. These colors were perfectly selected to accentuate any decor. These two formal rooms also include hardwood flooring, bay window, and easy flow from room to room. The well-appointed kitchen has been renovated and upgraded with gorgeous quartz counter tops and island, beautiful glass subway tile backsplash, modern fixtures, and the bonus is the new high efficiency smart appliances that will provide comfort and ease for many years to come with smart feature computer technology and firmware updates. Plenty of storage, food prep space, and a breakfast area for entertaining guests. Just steps away is the large family room with a gas fireplace for those cold winter nights, and bright and airy natural lighting from the windows. Access the rear yard from the breakfast room, to your private fully fenced in rear yard for outdoor fun during the warmer months. The corner lot location provides room to extend the fencing out should you choose to enlarge this area. On to the upper level of this gorgeous estate which features a primary suite that's sure to please with spacious his and her walk in closets, and a sitting area for quiet reading or meditating. You will love the NEWLY RENOVATED primary bathroom/en-suite with beautiful porcelain floors, a free-standing tub to relax in, separate stall shower, and double vanity sink with all new fixtures and lighting. Three additional bedrooms are also included on this level, and each room is spacious providing ample closet space. A full hall bathroom with double vanity completes the upper level. The space doesn't end here, it's on to the finished basement adding even more living area to enjoy. This lower level features a theatre room for fun movie nights, including speakers, chairs, and projector. It's also the perfect room for those sports games on the large screen, with the adjacent finished area providing plenty of room for you and your guests to hang out. Utilize this space for celebrations, games, or even an in-home fitness area or play area. A convenient half bath/powder room is also located on the lower level, and the bonus is a separate enclosed room for an office or 5th bedroom, so many options! This home also features a NEW ROOF and solar panels to save on those energy bills that are skyrocketing. You won't have to worry about water leaks or roof replacement as the 50 year warranty is transferable to the new owners for peace of mind. Major systems have all been replaced, furnace in 2023, hot water heater in 2021, and central AC unit in 2020, providing stress free maintenance for many years to come. This lovely home is within close proximity to major highways, AC Expwy, north/south freeway to Phila and shore points. Plenty of shops, restaurants, and parks nearby. The community offers a clubhouse with an inground pool, tennis courts, basketball courts, and tot lots for its residents to enjoy. You can have it all here at 18 Kelly Dr, so don't delay and schedule your private showing before the spring market arrives.
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.
