Welcome to 2480 Monmouth Road, a spacious and well appointed home nestled in the heart of desirable Springfield Township. Set on a half-acre lot in the charming community of Jobstown, this impressive residence offers over 3,200 square feet of living space designed for both comfortable everyday living and effortless entertaining. With 4 bedrooms and 4 full bathrooms, the home provides ample room for family, guests, and flexible living arrangements. The thoughtful floor plan includes generous living and gathering spaces, a large kitchen that flows seamlessly into the main living areas, and a cozy fireplace that serves as a warm focal point. Spacious bedrooms offer comfort and privacy, while the attached 2-car garage provides convenience and additional storage. Outside, enjoy a sizeable backyard with plenty of space for outdoor entertaining, gardening, recreation, or simply relaxing in a peaceful setting. The property's combination of indoor space, outdoor enjoyment, and small-town charm creates an exceptional opportunity for today's buyer. Ideally situated for military personnel and civilian employees, 2480 Monmouth Road offers convenient access to several major military installations, including Joint Base McGuire-Dix-Lakehurst, one of the nation’s largest military facilities. The location provides an easy commute while allowing residents to enjoy the privacy and character of Springfield Township and the tranquility of rural Burlington County. With its proximity to the base, nearby shopping and dining destinations, and easy access to major regional transportation corridors, this property delivers an exceptional blend of space, comfort, convenience, and peaceful living—making it an attractive option for those seeking both accessibility and a quieter lifestyle. Don’t miss the opportunity to make this beautiful property your next home. Qualified military/veteran buyers have a rare opportunity to assume the current VA loan, offering significant savings!
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.
