This stunning 2,758 square foot on a 0.34-acre lot single family English Tudor home offers an exquisite blend of historic charm and modern convenience. The stucco exterior features iconic steep gabled roofs, a massive stone chimney, and beautiful half-timbering accents. This spacious home is in the prestigious section of Alluvium on 3 Eastwood Court in Voorhees, NJ. Step into your own private paradise of a comfortable family home owned by the same family for over 30 years. You will appreciate safety and comfort of the cul-de-sac front yard, to enjoy outdoor activities. Beautiful brick driveway leads to the two-car garage with security camera. Outside Features an above ground swimming pool for summer enjoyment, brick patio with Awning, a fishpond, hot tub, and an outdoors TV station. Recently replaced roof (first layer), high-efficiency central air conditioner, and newly replaced windows on the first floor. As you enter through the French doors, you will be welcomed by a two-story foyer with hardwood flooring. On your right, is a living room turned into an office. Large windows provide bright lighting and create atmosphere of energy and productivity. The sellers renovated the formal dining room by expanding the door opening, installing hardwood floors, thus accentuating the beautiful Italian dining room furniture and a matching designer chandelier. A spacious family room features a large stone fireplace, a huge wall-to-ceiling window for an amazing changing season view to the backyard (truly a “picture” window), and an open area to the kitchen. The kitchen is a chef's dream with ceramic tile floors, smooth surface stove and stainless double oven, marble counter tops, modern craft made cherry wood cabinetry, a round marble breakfast island, and a cozy coffee nook. Refrigerator with a programmable display screen, newer appliances, and stylish backwall finish, designed for everyday living and effortless entertainment. Andersen glass doors from the kitchen lead to the outdoor patio where you can enjoy refreshments and sunbathe in summertime or enjoy a cup of coffee in the fall. Hot tub offers an opportunity to soak into a whirlpool hot water in winter while enjoying your cocktails even (and particularly!) when it snows! The upper level will exceed your acceptation. The spacious primary bedroom has a large walk-in California closet and wall to wall vanity area with a mirrored wall. Newly renovated bathrooms with modern lightings, shower jets with steam settings, Italian marble walls and floors create a sense of luxury and are easy to maintain. Jacuzzi tub with power jets and steam shower, remote control lighting and music. Enjoy aroma bubble bath while listening to your favorite tunes! Do not wait, schedule your private showing today! If interested, the owners will leave some or all furniture.
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.
