Prepare to be wowed by this stunning twin/townhome, built in 2013, nestled in the highly desirable Evergreen Terrace neighborhood of East Norriton Twp. The home boasts a sleek vinyl and stone exterior, complemented by a two-car carriage-style garage and ample parking space. A beautifully landscaped side entry, lined with shrubbery and flowers, welcomes you in. As you enter the foyer, you'll be greeted by elegant cherry hardwood floors that flow seamlessly into a spacious family room. The oversized garage offers plenty of storage space, and there’s a convenient access point from the lower level. The living/great room is bright and inviting with an abundance of windows, a cozy double-sided gas fireplace, and a formal dining room. The gourmet kitchen is a true centerpiece, featuring 42-inch espresso cabinetry, stunning granite countertops, and stainless-steel appliances. The kitchen flows into the breakfast room, where you’ll find access to the outside deck. This outdoor space overlooks a serene, treelined backyard. The main level, you’ll also find an updated half bath. The upper level features a luxurious owner’s suite with vaulted ceilings, and a generous walk-in closet. The en-suite bathroom is a retreat in itself, with a double sink vanity and an oversized shower with a seating area. Two additional spacious bedrooms with ample closet space, and a full hall bath that complete this level. For added convenience, the upper level also houses a dedicated laundry room. Fresh paint throughout ensures a clean, modern aesthetic that complements the neutral and tastefully decorated interior. Plus, the home features a brand-new HVAC system for ultimate comfort and efficiency. Located just minutes from King of Prussia, major shopping centers, schools, and highways, this home offers both privacy and convenience. This move-in-ready gem is an A+ home in a fantastic location—don’t miss your chance 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.
