Welcome to 310 Susan Drive, Cinnaminson, NJ 08077. Don't miss this beautifully updated split-level home in one of Cinnaminson's most established neighborhoods! From the moment you step through the elegant double front doors with etched glass panels, you'll be impressed by the thoughtful updates and stylish finishes throughout. The heart of this home is the stunning fully renovated kitchen, featuring rich navy blue shaker cabinetry, gleaming quartz countertops, a subway tile backsplash, gold hardware, a farmhouse-style gold pull-down faucet, stainless steel appliances, and eye-catching geometric pendant lighting. A peninsula with seating for two makes this kitchen as functional as it is beautiful. The bright and open living and dining areas flow seamlessly together, highlighted by luxury vinyl plank flooring, ceiling fans, and an abundance of natural light. The formal dining room accommodates a full table for six and opens to the kitchen, making entertaining effortless. The upper-level living room is a true showstopper — soaring wall space anchors an oversized wall-mounted TV, while a large L-shaped leather sectional recliner sofa and a navy blue sideboard with gold legs set a sophisticated, relaxed tone. The home offers multiple bedrooms with ceiling fans and ample natural light. The finished lower level is an entertainer's dream, complete with a classic brick wood-burning fireplace, recessed lighting, and a second living area. Additional highlights include a full bathroom on the lower level. Situated on a generous lot in Burlington County's Cinnaminson Township, this home is served by the highly regarded Cinnaminson Township School District and offers convenient access to major roadways, shopping, and dining. Best of all, the big-ticket items are already done for you — enjoy peace of mind with a brand new hot water heater (1 month old), a new furnace and HVAC system (6 months old), and a newer roof (approximately 1 year old). These major updates mean lower maintenance costs and worry-free living for years to come.
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.
