Welcome home to this detached single-family home in Bethlehem, PA, where the standout feature is an absolutely MASSIVE lot. The expansive backyard truly steals the show, offering a spectacular outdoor oasis with endless room for hosting large gatherings, setting up lawn games, gardening, or creating the ultimate private retreat. Tucked away on the side of the house, the property also boasts a dedicated cutout complete with a cozy fire pit, making it the perfect spot for relaxing weekend evenings under the stars. Parking is exceptionally convenient as well, featuring both a private garage and a remarkably long driveway that easily accommodates a crowd of guests. Inside, this three-bedroom home provides a comfortable layout anchored by an inviting living room with a cozy fireplace, creating a warm centerpiece for everyday living. The property has been meticulously maintained and offers strong structural bones, giving the next owner a solid foundation where simple cosmetic updates can easily personalize the space and build quick equity. Total peace of mind comes standard here, as the current owners have already taken care of the major big-ticket maintenance items. The exterior features brand new siding for sharp curb appeal, while the home's mechanicals include a newer boiler and a water heater that is only two years old. Additionally, the basement has been recently and FULLY WATERPROOFED, offering a clean, completely dry space for seamless storage. Situated on a highly accessible street, this home perfectly balances its incredible outdoor space with unbeatable location convenience. You are just minutes from the Lehigh Valley International Airport for effortless travel, and daily errands are a breeze with quick, immediate access to an array of nearby grocery stores, shopping, and fantastic local restaurants right down the road. If you are looking for a structurally sound home with a phenomenal yard you can brag about, this Bethlehem gem is a must-see.
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.
