Nestled in the charming Sycamore Crossing at the edge of Oxford Borough is an exquisite Colonial home offers a perfect blend of elegance and comfort. With 3000 square feet of thoughtfully designed living space, this home features five spacious bedrooms and three and a half bathrooms, ensuring ample room for relaxation and entertainment. Step into the heart of the home and you'll be greeted by a cozy living room and kitchen with new easy to clean laminate flooring. The vaulted kitchen has lots of counter space and the open layout invites natural light, creating a warm and inviting atmosphere perfect for gatherings or quiet evenings at home. The master bedroom with two walk in closets is located on the main floor - a feature not always found in non-retirement communities! It also has a spacious master bath! The fully finished basement complete with multiple rooms and an outside entrance that provides endless possibilities-whether it's a workshop, a play area, or an in-law suite. The lower level also has a full bathroom, laundry and kitchenette! The main floor laundry adds to the convenience making chores a breeze. On the second level are three bedrooms and another full bath - plenty of rooms for family and guests. Outside the property features a detached garage and ample driveway space ensuring that parking is never a concern. If you want to enjoy outside dining or sunsets, step onto the 430 square foot Trex deck for the evening. The meticulously maintained surroundings reflect a commitment to quality living with the association taking care of common area maintenance. Additionally there are 65 solar panels installed that generate approximately 1.2 MWh per month! This home is not just a place to live; it's a lifestyle choice that embodies comfort, luxury, and community. Experience the joy of living in a space that feels like home in a quiet country setting!
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.
