Welcome to this spacious townhome in the sought-after Ballinahinch neighborhood. Offering a bright, open floor plan & warm, inviting spaces and nearly new paint throughout; this home blends comfort, convenience, & style in every room. Enter through the welcoming foyer with hardwood floors & a dedicated area to hang your belongings. Walk up to the main level & enjoy stunning HW floors throughout & an airy layout designed for effortless everyday living & entertaining. The eat-in kitchen boasts classic wooden cabinetry, solid surface counters, tile backsplash, & an oversized window allowing natural light to pour in. Thoughtful architectural openings between the kitchen & dining room create a connected feel while still defining each space. The dining room overlooks the inviting family room, complete with a gas fireplace, bonus TV with mount, & sliding doors that lead to the rear deck — perfect for morning coffee or evening relaxation. A convenient powder room & a large coat closet are also located on this level, adding practical everyday function without interrupting the open flow. Upstairs, you’ll find two generously sized bedrooms with abundant closet space. Walk into the primary bedroom through the double door entry & find carpeted flooring, overhead light/ceiling fan, ample windows, walk-in closet & an en-suite full bath. The primary bath features glass door shower, functional vanity with solid surface counters, tile flooring & accent shelving. The second bedroom also features carpeted floors, overhead light/ceiling fan & bonus TV with mount. The second full bath features a classic design with tub/shower, tile floors & single sink vanity. Finally, a hallway linen closet & the upper-level laundry with bonus shelving adds extra daily convenience. The finished lower level offers incredible versatility with carpeted floors, recessed lighting & direct access to the one-car garage. Use this flexible space as a family room, home office, guest room, or playroom — whatever fits your lifestyle. Additional highlights include HOA amenities such as tennis courts & playground plus a 1-year home warranty for the Buyer!! Enjoy a prime location within walking distance to Barnaby’s, just a few minutes drive to Media Borough & easy access to major highways, SEPTA, shopping, dining, & entertainment. This wonderful home is move-in ready & waiting for its next chapter. Don’t miss your opportunity to make it yours.
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.
