Welcome to your dream home at 2041 East Sergeant Street, nestled in the heart of the vibrant East Kensington neighborhood. Built in 2017, this stunning corner rowhome captures the essence of contemporary design with its unique facade of brick and siding, paired with handsome recycled hardwood floors that flow seamlessly throughout. Step inside to discover a spacious 2,700 square feet of living space, where the open-concept layout reigns supreme. The main floor is a haven for both entertaining and daily living, featuring a living room adorned with a custom-crafted wall feature framing the media area, a dining space, a half bath, and a modern kitchen. Equipped with a full suite of stainless steel appliances, white shaker cabinets, and ample granite countertops, and a convenient breakfast bar, this kitchen is designed to make cooking and entertaining a delight. Step outdoors to extend your living space into your charming backyard — the first of two private outdoor spaces complete with a grassy area, barbecue setup, and two storage sheds. This home boasts three generous bedrooms and two and a half bathrooms. The second floor houses two large bedrooms, a hallway full bath, and separate true laundry room, outfitted with designer wall paper, open shelving, built-in ironing board, and the washer and dryer in place with custom built storage. Ascend to the third floor to find a full floor primary suite—a tranquil retreat with a regal entrance adorned with motion-sensor lighting, a magnificent walk-in closet, and an impressive ensuite bathroom featuring elegant fixtures, dual sinks, and modern finishes including a soaking tub. The basement has been thoughtfully transformed into a fully equipped woodworking shop, perfect for projects or crafting, with the utility room smartly enclosed in a separate room to offer extra storage space. For a true escape, head up to the custom floating roof deck to unwind, taking in the panoramic city views, or enjoy movie nights with the pull-down projection screen. Designed for modern living, this home includes air conditioning, recessed lighting, and a state-of-the-art security system. With custom smart home elements, upgraded cabling, and a personal home server, this property caters to both comfort and sustainability. The East Kensington community, a community that is home to many creative artisans and makers of their craft, is bustling with energy, offering easy access to Frankford Avenue and all Fishtown has to offer, such as host of must-try acclaimed restaurants like Kalaya, Suraya, Jaffa Bar, Meetinghouse, Yuhiro Sushi, and more, just steps from your door. Convenient access to the airport and just a 2 block walk to public transportation adds to the vibrant urban lifestyle and convenience of this incredible city location. Truly the best of city living and a must see home. Note: The seller plans on removing the workshop equipment and home server and will negotiate those items with an interested buyer.
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.
