Here is the property you have been waiting for! This 3-bedroom, 1 full bath & 2 half bath single family home is located on a corner lot in the quiet Parkside neighborhood of Brookhaven with 1,450 Sq. Ft. and a very private, and enclosed backyard with in-ground pool for kids and pets to play! The home has excellent curb appeal, creating a very welcoming & symmetrical look with a sidewalk that leads directly to the front door! As you enter, you will find a very large living room and formal dining room with higher ceilings, brand new carpet and it was just painted throughout. Better yet, there is a main floor bedroom with new carpet which can be used immediately as a bedroom, office, den or play area!! The kitchen features electric cooking, traditional cabinets, fan/chandelier and breakfast bar with bar-height counter for quick & easy meals. The upper level of the home has been painted throughout and features the primary bedroom with hard wood flooring, ceiling fan, huge walk-in closet space and several windows providing plenty of natural light. The huge master bedroom was previously a 2 bedroom and was converted to a 1 bedroom. The full bathroom has all the right stuff including a tub/shower for kids & adults. The nicely sized 2nd & 3rd bedrooms are also newly painted with light/ceiling fans. Want more? How about an perfectly finished basement with a family room, powder room, laundry which adds another 560 sq. ft. of quality living space or possibly a 4th bedroom? Or, how about the kitchen door that leads to your private backyard for outdoor grilling, landscaping plus a nicely sized in-ground pool! Want more? How about a storage shed in the rear, outside the fence area, for pool & gardening supplies! The corner lot has plenty of bed space to plant your favorite perennials, bushes & annuals which you and your family will enjoy for many years to come. Or, plenty of quality furniture left for you and your family and don't forget, you also will enjoy a beautifully covered porch and private driveway for parking, plus street parking only steps from your kitchen door! Finally, the real estate taxes are reasonable, the home is in Penn-Delco School District and you have easy access to RT 95 and RT 476 for commuting to Philly and beyond! Nearby is Brookhaven Memorial Park, a serene green space offering walking trails, picnic areas, and playgrounds, perfect for family outings and relaxation. This home is priced perfectly to be your "1st single family home" with a quality gunite concrete in-ground pool to create fond memories that will last a lifetime! Your beautiful new home is waiting for your arrival so don't be late!
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.
