"Outstanding"This totally renovated four bed room is located in the highly sought after" Santa Fe "neighborhood of Burlington Township.Luxury vinyl and a vaulted ceiling greet you as you enter this Open floor plan!The living room is spacious and offers a contemporary flare with it's sun drenched area and freshly painted walls.The brilliant Rod Iron staircase begins your journey up to the formal dining room and magnificent chandelier.From here the Gourmet kitchen awaits with a Samsung Stainless Steel appliance package , granite counter tops and upgraded white cabinets.The recessed lighting escorts you thru the dining area into the family room.The family boast a floor to ceiling stone fireplace and allows access to the new pressure treated deck outside.However,retreat upstairs where the primary bed room comes complete with a remodeled en-suite.Relax in a oversized custom ceramic tile shower or lay back into your own free standing signature soaking tub.Twin sinks and upgraded cabinets accompany your journey into utopia.There are additionally three other large bed rooms that enjoy great closet space and even a bonus space.There is a additional renovated bath that maintains luxury thru it's spectacular custom ceramic tile bath and flooring.Transition downstairs where the finished walk -out Basement offers more room to entertain.Also,there is ample storage space left on the unfinished side to keep the family supplies and etc.once Once outside your stay-cation begins with a partially fenced yard and plenty of room to roam.Other features include:new roof, LED Lights,newer gas heater,upgraded cabinet knobs and much much more!Don't miss this Beautiful home ,make a appointment today.
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.
