Set along one of Lambertville's most beloved streets, this historic brick half-duplex reflects the era that shaped the city we know today. North Union Street has long been one of Lambertville's signature streets, where handsome brick homes, mature trees, and a walkable connection to the river, canal, and downtown create a setting that has endured for generations. It is everything people love about a classic river town - character, creativity, good restaurants, and the freedom to leave the car behind. Beautifully maintained and thoughtfully updated, the brick home balances historic character with modern comfort. High ceilings, hardwood floors, abundant natural light, and original architectural details create spaces that feel authentic and welcoming. The updated kitchen anchors the home, while a first-floor powder room adds everyday convenience. The second floor offers three bedrooms and two full baths. A bonus room on the third floor provides flexibility for a home office, studio, library, or guest space, while additional storage offers room to grow and adapt over time. Life here can be as social or as private as you choose. Spend an afternoon on the front porch greeting neighbors on their way to dinner, the canal, or a gallery opening. Out back, the deck and landscaped yard offer a quieter retreat for morning coffee, summer dinners, and evenings beneath the trees. Solid brick construction and updated energy-efficient natural gas on-demand heat and hot water provide substance behind the charm. From the front door, stroll to cafés, galleries, antique shops, Bell's Tavern, and community events. The Delaware & Raritan Canal Towpath is moments away, and New Hope is an easy walk across the bridge. Historic and authentic, yet updated and entirely at ease in the present, this is Lambertville at its best. Whether as a full-time residence or a weekend pied-à-terre, the home offers a lifestyle that is increasingly rare… walk to dinner, the canal, the galleries, or across the bridge to New Hope, then return home to one of the Delaware Valley's most distinctive river towns. With convenient access to both Philadelphia and New York City, it is equally suited as a primary residence, weekend retreat, or a place to escape and reconnect with a simpler pace of life. COMIG SOON
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.
