Welcome to 2144 Saddleridge Road—a spacious five bedroom, four and a half bath Cape Cod-style home, with a first floor primary suite. The residence offers over 4,500 square feet of living space in the Haddonfield neighborhood within Manheim Township. Set on a 0.42-acre corner lot, this home provides space and flexibility in a convenient location. The main level features a two-story foyer, a formal dining room with chair rail and crown molding, and a living room that connects to the family room through French glass swinging doors—allowing for both open flow and defined living spaces. The kitchen includes abundant cabinet space, a center island with built-in cabinets/drawers, and a breakfast nook with a bump-out wall of windows overlooking the backyard. The kitchen/breakfast area opens into the family room with a wood-burning fireplace, built-ins, and sliding glass door access to the large rear deck. The main level also includes a spacious primary suite with cathedral ceilings, hardwood flooring, a walk-in closet, and an attached bath complete with a jetted tub and walk-in shower—offering a comfortable and private retreat. A convenient laundry room with direct garage access and half bath complete this level of the home. Upstairs, four additional bedrooms provide generous space. One bedroom with an attached bath and walk-in closet can be used as a second primary suite. An additional bedroom shares access to this primary bathroom. Two remaining bedrooms connect to a Jack and Jill bath. Newly installed carpeting and some fresh paint on this level give it a nice touch. The home is currently equipped with electric heating for reliable year-round comfort. For added flexibility and future value, the property has a natural gas connection providing the option to upgrade to gas heating and gas dryer systems if desired. The cooktop range in the home already offers gas cooking. The finished lower level expands the home’s functionality with a large rec room, additional space for exercise equipment, a wet bar, full bath, and an extra room with windows that could be utilized to expand living space. A walkout door provides direct access to a patio and the backyard. A shed gives extra space for storing lawn and outdoor equipment. Outdoor living is equally appealing, with a rear deck overlooking the private backyard, complemented by multiple areas for recreation or relaxation. Additional highlights include a two-car, side-entry garage plus ample driveway parking. Located near shopping, dining, parks, and major commuter route, you will appreciate convenience and flexibility in a well-established Lancaster community. Schedule your private showing today!
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.
