323 Spruce Street blends space, comfort, and value in a brick end-of-row townhome set in Briarcliffe, Glenolden. With 1,420 square feet including a partially finished basement, it’s a smart choice for first-time buyers, renters ready to own, or anyone seeking room to grow. Inside, sunshine brightens the main living areas, creating a warm, welcoming feel. The thoughtful two-story layout features three bedrooms and a full bath upstairs, keeping living and sleeping spaces distinct. Central air maintains year-round comfort. The partially finished basement adds versatility - ideal for a home office, workout zone, playroom, media space, or extra storage - plus a convenient half bath, laundry area, and direct walkout to the private rear driveway. Outside, enjoy larger-than-typical front and side yards, great for gardening, pets, play, or gatherings. Start your day on the front patio with coffee or unwind in the evening. Off-street rear parking is an everyday perk. Briarcliffe offers a true neighborhood feel with easy connections across the Philadelphia region. Nearby Darby, one of Delaware County’s historic hubs, adds shopping, dining, public transit, and daily conveniences just minutes away. Local restaurants, small businesses, community events, and SEPTA connections make commuting simple. Glenolden is known for quick access to Philadelphia, PHL Airport, and major routes including I-95 and Route 420. Center City is within practical commuting distance - appealing to healthcare professionals, airport staff, university employees, and regional commuters. Explore nearby Media, Swarthmore, Ridley Park, and Springfield for coffee shops, breweries, parks, boutiques, and year-round events - whether it’s a Saturday in downtown Media, brunch in Ridley Park, a stroll through Swarthmore’s campus, or a game or concert in the city. Bright interiors, adaptable living space, private parking, ample outdoor areas, and a convenient location come together at 323 Spruce Street - an opportunity to enjoy home-ownership in a well-connected Delaware County community with easy access to work, recreation, dining, and everything greater Philadelphia has to offer.
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.
