Stunning Luxury Living at Turbo Lofts – One of Lansdale’s Most Sought-After Residences ✨ Price Improvement — Exceptional Value in a Landmark Building! ✨ Welcome to Turbo Lofts, where timeless industrial character meets modern luxury. This immaculate, move-in-ready home offers one of the largest and most desirable layouts in the building, delivering space, style, and effortless living in one of Lansdale’s most iconic properties. Soaring 25-foot ceilings, dramatic 15-foot windows, and luxury vinyl flooring throughout create an open, sun-drenched atmosphere that feels both grand and inviting. The expansive open-concept living and dining areas are ideal for entertaining, relaxing, or simply enjoying the natural light that pours in all day long. The gourmet kitchen is designed to impress, featuring high-end appliances, abundant counter space, and an oversized pantry—perfect for home chefs and entertainers alike. Step out onto your private balcony, a peaceful retreat that adds valuable outdoor living space. The spacious primary suite offers a private ensuite bath, while the second bedroom is generously sized and paired with a full hall bath—ideal for guests or flexible living arrangements. Upstairs, two versatile loft spaces provide endless possibilities for a home office, creative studio, music room, or additional guest space. Residents of Turbo Lofts enjoy maintenance-free living and a full suite of amenities, including a state-of-the-art fitness center and a stylish club/game room for socializing and relaxation. Low utility costs are a major bonus thanks to the building’s energy-efficient geothermal HVAC system, and the sellers are including a premium one-year home warranty for added confidence. Rich in history, this building was once home to the Dexdale Hosiery Mill—a national leader in silk hosiery in the early 1900s—and later the Turbo Machine Company, blending authentic character with today’s modern comforts. Perfectly located near Lansdale’s craft breweries, winery, Boardroom Distillery, Wegmans, Montgomery Mall, and SEPTA’s R5 train, this home offers unmatched convenience and lifestyle appeal. This is a rare opportunity to own a standout residence in one of Lansdale’s most recognizable buildings. 📍 Schedule your private showing today and experience Turbo Lofts for yourself.
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.
