Welcome to this Classic Style Colonial with a fully fenced rear yard that offers much privacy and room to roam. This property has over 2500 sq ft. of living space making a it a good choice and one to appreciate. The beautiful landscape and covered front porch is noteworthy as you approach the property. As you enter you see the nicely laid out and spacious dining, living and family room which showcase the beautiful engineered wood flooring throughout the first floor providing much appeal and easy maintenance. This overall space is perfect for entertaining being adjacent to the kitchen. You’ll love the great views of rear of the property and fully fenced yard from the sunroom as well. The kitchen with breakfast bar seating, has an abundance of cabinets and granite counter space and includes 3-year-old appliances. The dining room offers plenty of room for formal gatherings with your family and friends. In addition, a large but cozy family room (off kitchen) with brick feature fireplace keeps everyone connected. Check out the enclosed sunroom with baseboard heat for those not so warm fall evenings. The home includes a convenient first floor laundry and half bath off the hallway near the garage entry. Upstairs find four bedrooms including the a main suite with walk in closet, dressing area with vanity and ensuite bath with shower. The 3 additional bedrooms are nice in size and include ample closet space. In the finished basement find newer laminate flooring and an abundance of additional living space, a fitness area and/ or play room. Also there is a generous amount of additional storage available in this finished space. The oversized attached garage is unique with cedar paneled walls and a separate workspace or storage while providing access to the rear fenced yard. Enjoy being within minutes to Rt 90 and Rt 2 as well as many options for shopping and restaurants. Also, the Cul-de-sac street and sidewalks are a great benefit. Must see to appreciate. Call today!
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.
