Welcome to 237 Church Road, a charming and inviting home that perfectly blends character and comfort. Don't be fooled by the Church Road address, as you will find that the home is set far back and the driveway, rear yard, and everyday access, is from Crescent Avenue. This nicely appointed home has been meticulously cared for, presenting a turn key opportunity for a discerning buyer. The first floor offers a spacious living room featuring a wood burning fireplace and access to a sweet side porch. The dining room is also very nicely sized, and both of these rooms boast hardwood flooring. The kitchen is bright and cheery, offering plenty of workspace on the granite countertops, abundant storage, stainless steel appliances, the coveted window over the sink, and access to the rear patio and back yard. A conveniently located powder room rounds out the first floor. Upstairs, you will find a sizable primary bedroom, two additional bedrooms, and a hall bathroom. The entire second floor boasts beautiful natural light and plentiful closet space. The carpet is in great condition and there is original hardwood flooring below. The full bath has a vintage feel in the best way. You will be pleased to see that the windows have been replaced throughout the entire house. A split system cools the entire first floor and there is a second split system in the primary bedroom, as well. Down below, the basement is spacious and clean, offering the laundry area and outside access. Outside, the large fenced yard provides plenty of room to unwind, host gatherings, garden, whatever your heart desires. Over the next month, the gorgeous snowball viburnum and hydrangea will begin to bloom. They offer a truly breathtaking sight, but require little to no maintenance, a win/win! The patio offers room for grilling, dining and lounging. The driveway allows parking for several cars and there is plenty of easy street parking on Crescent, as well. The location is convenient to everything; across the street from the awesome Lansdale Farmers’ Market, walkable to the Pennbrook train station, the YMCA, multiple parks, and more! Just a short drive to Wegmans, Costco, Target, and tons of shopping; plus easy access to major routes of transportation. With its classic charm, practical features, fantastic outdoor space, and excellent value, this home offers a wonderful opportunity. Don’t miss this chance to settle into a space that truly feels like your own.
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.
