Price Improvement, Seller says bring an offer! Welcome to 27 Sheldon Ave, Millville, NJ — a truly one-of-a-kind 4-bedroom, 2.5-bath country farmhouse-style home with an oversized 3-car detached garage and unfinished loft. From the moment you arrive, the semi wrap-around porch sets the tone for classic farmhouse charm. The home offers two separate entrances, adding both character and convenience. Enter through the front door into a welcoming foyer, where a generously sized formal living room sits to the left and the staircase to the upper levels greets you on the right. The living room flows seamlessly into the formal dining room, featuring elaborate crown molding—perfect for entertaining. At the heart of the home is the spacious kitchen, complete with a large center island with cooktop, wall convection oven, removable butcher block, wet sink, and abundant counter space. The kitchen opens directly to the stunning two-story family room, highlighted by a cupola that fills the space with natural light and a cozy pellet stove, creating a warm and inviting atmosphere. The first floor also includes a newly renovated half bath, pantry, and a second entrance leading to the side porch. Upstairs, the second floor features three bedrooms and a full bath with dual vanities and a convenient laundry closet. One of the bedrooms boasts a vaulted ceiling with an accent window, adding architectural interest. The entire third floor is dedicated to the primary suite, offering vaulted ceilings, a sitting area, and a spacious walk-in closet. The en-suite bath includes a make-up vanity with sink, a separate room with stand-up shower, toilet, and second vanity, plus an elevated area featuring a large jacuzzi tub—your own private retreat. Additional features include a partial unfinished basement with access to utilities and crawl space, and a central vacuum system. Please note: the boiler is currently non-functional and, with the right offer, will be fully replaced with a brand-new system prior to closing, offering peace of mind for the future homeowner. Outside, the oversized 3-car detached garage includes an unfinished loft, providing a blank canvas for storage, a workshop, studio, or future living space. This is a rare opportunity to own a home that perfectly blends modern farmhouse style, unique architectural details, and exceptional space—inside and out. A must-see property. Schedule your private showing today—you won’t want to miss this one!
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.
