Welcome to 3606 Livingston Street, a beautifully maintained and sun-drenched rowhome that stands in this charming neighborhood. Upon entering, you are immediately greeted by gleaming original hardwood floors and an abundance of natural light. The inviting living room offers the perfect space for unwinding, while the transition to the kitchen is seamless thanks to a versatile breakfast counter—ideal for a quick morning coffee. The heart of the home is the spacious eat-in kitchen, which boasts recently updated stainless steel appliances, including an electric oven and refrigerator, with plenty of additional room for dining table. The home’s layout is perfectly positioned to capture the daylight, with eastern exposure in the front and western sun in the rear. This orientation allows you to enjoy breathtaking sunset colors and stunning views of the Philadelphia skyline from both your front and back yards. These private outdoor spaces are a rare find, offering ample room for gardening, summer grilling, or lounging on your favorite patio furniture. Upstairs, the home continues to impress with two bright and cheery bedrooms featuring generous closet space, either of which could easily serve as a spacious primary bedroom or a quiet home office. The bathroom has also been thoughtfully refreshed with updated flooring, toilet, and a crisp, modern paint palette. For additional living space, head down to the partially finished basement, which features brand-new, waterproof wood-look vinyl flooring. This level provides the ultimate convenience with a dedicated laundry area equipped with its own washer and dryer—no more trips to the laundromat The washer is an almost brand new speed queen! Beyond the property lines, you are perfectly positioned for an effortless commute and lifestyle. Located just moments from I-95 and the Betsy Ross Bridge, this home offers rapid access to Center City and New Jersey. Public transit is equally accessible with nearby trolley and bus lines. For your daily needs, the Aramingo Avenue shopping corridor—featuring Target, Lowe's, and major grocery stores—is just minutes away, as are local favorites like Stock’s Bakery and the vibrant dining scene in nearby Fishtown. This home is a rare find that combines comfort, style, and convenience; 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.
