BEST BUY IN WILLINGBORO — PRICED WELL UNDER MARKET FOR A FAST SALE! This is the One you’ve been waiting for! Fully rehabbed in 2018, this completely turn-key Rancher is ready for its next owner and offers unbeatable value you simply won’t find again anytime soon. With 4 spacious Bedrooms, 2 Full Baths, and nearly 2,250 sq ft, this is one of the largest ranchers in all of Willingboro, set on one of the largest Premium Lots in the highly desirable Garfield development. Inside, enjoy a huge blended Living and Dining room featuring luxury vinyl plank flooring and an open airy feel perfect for everyday living or entertaining. The Updated Kitchen boasts Granite countertops, stainless steel appliances, table space, slider leading to the backyard and a Double-sided Fireplace! The Family room conversion offers incredible flexibility and tons of storage, complemented by a floored attic, large bedrooms, and a laundry closet with recently replaced appliances. Major systems including the Roof, HVAC, Windows, and more were all replaced in 2018, providing peace of mind for years to come. Additional perks include a rear yard Shed, wall TV mounts (TVs not included), and a 1-year HSA Home Warranty! Location is everything—and this one delivers. Located near Wawa, Dunkin, Dollar Tree, Family Dollar, daycare, salons, and cleaners, with easy access to Routes 130 & 295 and the NJ Turnpike, plus a nearby walkway to Memorial Middle School. ⚠️ MUST MOVE FAST — this property has been placed in pre-foreclosure, making it a once-in-a-lifetime opportunity to secure incredible space, condition, and location at a price well below market value. Deals like this don’t last—schedule your showing today before it’s gone!!!
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.
