Welcome to 37 Green St—Where "Vintage Charm" Meets Your Next Great Income Empire! Are you a savvy investor who calculates cash-on-cash returns, or a brilliant buyer who spots an absolute sleeper hit before the market catches on? Imagine owning a property that doesn’t just sit there looking historic, but actually *pays you to own it*. Feel that spark of excitement? Good. This Souderton borough home is the financial game-changer you’ve been waiting to experience. Let’s be completely honest: this isn't your traditional, boring, soul-crushing cookie-cutter home. Built in 1900, it wears its character proudly. We call it "historic charm," which is real estate speak for "the original hardwood floors and moldings have survived multiple presidencies and questionable decor trends". Tucked away off the main strip, you are just a short, lazy stroll from the vibrant heart of Souderton Borough. Leave your keys on the counter and enjoy being completely walkable to local artisan shops, highly-rated restaurants, seasonal community events, and morning coffee spots. It gives you that perfect blend of quiet neighborhood living and ultimate downtown convenience. Step inside the living room entry and notice the seamless flow with OG hardwood flooring. The large eat-in kitchen features electric cooking, tons of cabinets, and leads to a massive powder room that pulls double-duty as a main-floor laundry room. (Because nothing says "luxury multitasking" quite like washing your socks while flipping pancakes.) Upstairs, you will find two bedrooms and a full bath. Need a quiet hideaway, an office, or a place to store all your extra things? The walk-up, fully floored attic features two entire rooms and ample lighting. Down below, the semi-finished basement boasts a gorgeous brick fireplace. While it is currently non-operable, it can be easily hooked up to make it fully functional. Yes, actual operational warmth and cozy fireside vibes are just a quick weekend project away! When you're ready to step outside, the exterior amenities offer the perfect backdrop for personal relaxation or lively entertaining. Start your mornings with a coffee on the covered front porch, soaking in the neighborhood vibe. Around back, a covered rear porch leads directly to a large, private patio area that is practically begging for summer barbecues and weekend gatherings. All of this transitions beautifully into a securely fenced-in rear yard, giving you a private oasis for outdoor activities or pets right in the borough. But let's talk about the real magic: The Wealth-Building Trifecta. Look closely at what this property actually gives you. Most borough homes offer you a cramped driveway if you're lucky. This property features an oversized, two-story, 2-to-3-car detached garage workshop equipped with electric, sewer, a fully floored second level! If you aren't a woodworker or a car enthusiast, picture renting out this massive workshop to a local contractor or hobbyist for effortless, hands-free monthly cash flow. Wait, it gets better. The price completely reflects an additional, separate vacant lot tucked right behind the garage, deeded separately as 44 Diamond Street (Parcel 21-00-02232-006)! While normal buyers just see an expanded rear yard, a truly sharp investor sees dollar signs. With borough approval, this lot is the ultimate canvas. You could expand the driveway for premium paid parking spaces, or maximize your income generation by erecting self-storage units to pull in monthly revenue! Opportunities like this—where you can live in or rent the main house, lease a massive garage workshop, and develop a secondary lot for storage income—are rarer than a quiet day on the internet. Can you already feel the satisfaction of making a brilliant financial move? Don't let someone else steal your future cash flow. Schedule your tour today and come experience 37 Green Street in person!
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.
