Welcome to 286 Freedom Way, a beautifully upgraded townhome in the sought-after Independence Square community of Sicklerville. Built in 2020 and thoughtfully finished, this three-story home offers 1,825 square feet of bright, open living with designer touches throughout. Step inside to hardwood floors and a custom slatted feature wall in the entry. The first-floor recreation room has been transformed into a true bonus space with a projector and screen, a custom climbing wall, and a walkout to the patio, plus a half bath and access to the attached one-car garage. The second floor is the heart of the home, where an open kitchen, dining, and living area fills with natural light. The kitchen features white cabinetry, a grey center island with quartz counters and seating, stainless appliances, a gas range, and a walk-in pantry. The living room is anchored by a linear fireplace with a shiplap surround, framed by custom accent walls, and the dining area opens to a private deck, with a ground-level patio and yard below, overlooking open space with no rear neighbors. Upstairs, the primary suite impresses with a tray ceiling, a walk-in closet, and a private bath with a double vanity and an oversized glass shower with dual showerheads. Two additional bedrooms, a full hall bath, and an upper-floor laundry complete the level. Set in Independence Square, you have quick access to Route 42, the Atlantic City Expressway, and the Black Horse Pike, an easy Philadelphia commute, and a straight shot to the Jersey Shore. Join us for open houses Saturday, June 27 and Sunday, June 28. This is the one you have been waiting for, schedule your showing 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.
