Back on the market with fresh updates and ready for its next chapter! Welcome to this quintessential Havertown twin, where classic charm meets modern ease in the heart of H-Town. From the moment you arrive, the lovely covered front porch invites you to slow down, pull up a chair, and enjoy the friendly neighborhood energy—it’s the ultimate spot to unwind. Step inside to find a home that radiates warmth. The spacious living room, anchored by a handsome focal-point fireplace, flows seamlessly into the dining room. You’ll fall in love with the pristine, just-refinished hardwood floors, complete with an elegant walnut inlay that adds a touch of timeless craftsmanship. Just beyond, the cozy eat-in kitchen features sleek granite countertops and a fresh coat of paint, making it a bright and cheerful heart of the home. The second level offers three well-proportioned bedrooms, including a primary bedroom with ample closet space. The Hidden Gem: Journey up to the heated third floor, a versatile retreat that adapts to your lifestyle. Whether you need a 4th bedroom, secluded home office, a tranquil yoga studio, or an extra den, this space has you covered. Plus, the oversized closet offers an easy opportunity to add a third-floor bathroom! Bonus Living Space: The fully finished basement has been freshly painted and is ready for movie nights, a playroom, or a home gym. Outdoor living is a breeze with a private screened-in back porch—perfect for summer dinners—leading to a lovely yard and a detached garage. With a driveway that accommodates three cars and a location that boasts unbeatable walkability to local favorite eateries, parks, and schools, this home truly captures the Havertown lifestyle. This Is It… This Is The One… Welcome 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.
