Welcome to 2608 Erial Road, a thoughtfully updated 4-bedroom, 2-bath colonial set on a beautifully improved lot in Blackwood, New Jersey. This inviting home blends classic charm with meaningful enhancements that support comfortable everyday living and effortless entertaining. The current owners have meticulously maintained the home and completed numerous updates to the interior, exterior, and major systems. Recent improvements include brand-new front yard landscaping, the removal of approximately 20 trees in the backyard, a newly installed fence, a retractable awning on the back deck, a new HVAC system, and a newer roof (approximately 4 years old). Additional upgrades include a new front door and a sidewalk connecting the driveway to the side door and rear of the home. As you enter, the living room is anchored by a cozy fireplace and a striking oversized window that fills the space with natural light while framing views of the front yard. The modern open-concept layout seamlessly flows into the formal dining room, which features direct access to the back deck—making indoor-outdoor entertaining easy and enjoyable. Adjacent to the dining room is the kitchen, where the sink overlooks the spacious backyard, offering a pleasant view and a natural connection to the outdoors. On the opposite side of the home is a massive family room or den with direct access to the backyard, as well as an additional door conveniently leading to the side driveway. Upstairs there are four bedrooms and a full bath. The home also features a full length unfinished basement. Outside, recent improvements elevate both function and curb appeal. Landscaping was completed just two months ago, a new sidewalk was added, and tree removal has opened the property and enhanced usability. The fully fenced backyard creates a private retreat ideal for relaxing or entertaining. The back deck, complete with a retractable awning installed three years ago, provides comfortable outdoor enjoyment throughout the seasons. Ideally located close to shopping, major routes including Route 42, and popular dining corridors, this home offers the perfect blend of convenience and small-town charm. Families will appreciate the proximity to well-regarded schools and recreational amenities. The property is located within the Black Horse Pike Regional School District, serving Blackwood Elementary School, Charles W. Lewis Middle School, and Highland Regional High School. Schedule your showing today to experience all that 2608 Erial Road has to offer!
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.
