Tucked away in the peaceful Medford Farms community of Tabernacle, this truly one-of-a-kind ranch offers privacy, space, and character on 1.8 acres. From the moment you arrive, you are greeted by an expansive deck that wraps around half the home and is highlighted by mature landscaping. Step through the front door into a home that feels bright and warm. Rich hardwood floors and a neutral palette flow throughout the main living spaces, creating a timeless backdrop for everyday living and entertaining. The living room is a standout, featuring vaulted ceilings, skylights, oversized windows, and a cozy wood-burning stove. The dining room opens seamlessly to the kitchen, making entertaining a breeze! The eat-in kitchen offers abundant cabinetry, granite countertops, custom tile backsplash, stainless steel appliances, double ovens, a large pantry, and an impressive center island. Both the kitchen and dining room lead directly to a spacious wraparound deck, perfect for indoor-outdoor entertaining or quiet mornings overlooking the property. The home offers three generously sized bedrooms, including a private primary suite with vaulted ceilings, skylights, a walk-in closet, and an en-suite bath. Sliding doors provide direct access to the rear deck, adding to the retreat-like feel. Two additional bedrooms share a well-appointed hall bath, and a dedicated office provides flexible space for work or hobbies. Downstairs, a full basement offers endless potential for storage, recreation, or future expansion. Adding to the property’s uniqueness is an impressive 2,500-square-foot, two-story workshop featuring five barn doors, electrical and plumbing—ideal for creatives, car enthusiasts, contractors, or anyone needing some serious space! This home also offers a brand new boiler (2026) and easy access to major roadways like 206 and Route 70! With all this home has to offer- this is a property you need to experience in person to fully appreciate!
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.
