Back to active, the last buyer's loss can be your gain!!! Welcome to 2519 Webb St, an exquisite townhouse nestled in the heart of Fishtown! This charming row house offers a perfect blend of modern upgrades and classic design. Featuring two spacious bedrooms and a beautifully renovated kitchen and bathroom, this home is ideal for those seeking comfort and style. As you step inside, you'll be greeted by a warm and inviting living space boasting refinished oak hardwoods and tasteful paint. The remodeled kitchen is a culinary delight, complete with contemporary finishes that make meal preparation a breeze. The recent kitchen renovation includes subway tile backsplash, ample cabinet and counter space (butcher block), under cabinet lighting, new refrigerator and sink leaving no expenses spared. Adjacent to the kitchen is a formal dining room w/ custom wainscoting, perfect for hosting intimate gatherings or enjoying family dinners. Outside you'll enjoy a private fenced patio w/ garden including a beautiful rose bush making the space a peaceful retreat amidst the hustle and bustle of daily city living. Venturing downstairs, you'll find a full basement offering ample storage space including a large cedar closet, laundry area, and additional living space perfect for a family room, office, or gym. The second floor includes two generously sized bedrooms boasting vaulted wood ceilings, fresh carpet, and paint, and both bedroom's with large walk in closets! The hall bath was also just remodeled including updated fixtures, vanity w/ chic lighting, and tub surround. While street parking and off street parking is available under 95, the vibrant neighborhood offers a rich array of amenities and entertainment options within walking and biking distance including the Fishtown Crossing shopping center, coffee shops including Starbucks, bars, and restaurants. For those w/ an active lifestyle Webb is close proximity to Planet Fitness as well as the Delaware River trails. And if all of that wasn't enough; some additional amenities include central air conditioning and forced air gas heat, ensuring a comfortable environment year-round and a new roof. Experience the perfect blend of modern living and historic charm at 2519 Webb St, where every detail is designed with your comfort in mind. Don't miss the opportunity to make this townhouse your new home.
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.
