Welcome Home! Schedule your appointment today to see this Spacious 3 Bedroom, 2.5 Bathroom Townhome in the much-desired Grande at Rancocas Development in Delran, NJ. Upon pulling up, park in your 1-Car Garage or your 1-Car Driveway. Enjoy having a Covered Front Porch to enjoy your morning coffee on. Enter into to the Foyer. To the left, is the Open Living Room and Dining Room with Hardwood Floors, Chair-Rails, and Crown Molding. Next is the Eat-In Kitchen with plenty of Cabinets and Countertop Space, a Pantry, a Huge Sink, a Large Eating Area, and a Glass Sliding Door leading you out and onto the Back Wood Deck. The Family Room sits right off of the Kitchen, which is great for entertaining, and boasts Carpeting, Crown Molding, a Ceiling Fan/Light Fixture, and a Gas Fireplace with Wood Trim and a Wood Mantel. The Coat Closet and Powder Room complete the 1st Floor. Next, head up to the 2nd Floor featuring a 14x8 Bonus Room that can be used as an Office, Playroom, or Gym. Your Primary Bedroom comes with a Double Door Entry, Carpeting, a Ceiling Fan/Light Fixture, 1 Big Closet, a 5x10 Walk-In Closet, and your own Full Bathroom. Your Full Bathroom features Tile Flooring, a Tile Surround Stand-Up Shower, a Relaxing Soaking Tub, a Linen Closet, and a Double Sink Vanity. The 2nd Bedroom comes with Carpeting, a Ceiling Fan/Light Fixture, and a Big Closet with Built-In Closet Organizers. The 3rd Bedroom comes with Carpeting, a Ceiling Fan/Light Fixture, and a Closet. Next, is the 2nd Full Bathroom with Tile Flooring and a Linen Closet. Enjoy having a 2nd Floor Laundry Room with a Washer, a Dryer, and Built-In Shelving. This Home also comes with a Large Unfinished Basement for all of your Storage Needs, as well as a Huge Storage Space right off of the 2nd Floor Stairway. This association comes with a Fenced-In Common In-Ground Pool, a Pool House, and Tennis Courts. Don't miss the opportunity to make this your home today! This home is being sold in as-is condition. Seller will obtain the CO.
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.
