**BACK ON THE MARKET!** Welcome to 370 S. Hook Road, where peaceful backyard country views, breathtaking sunsets, and everyday comfort come together. Imagine ending your day in the backyard, watching the sun set below the wide-open field behind the home as the sky fills with color. Whether you're enjoying your morning coffee or matcha, hosting a summer barbecue, or simply unwinding after work, this backyard setting feels like your own private retreat. Inside, the home welcomes you with a spacious living room complete with hardwood floors. This triple-pane picture window creates a bright and inviting space where you'll love relaxing and gathering with family and friends. The living room flows seamlessly into the large eat-in kitchen, offering plenty of room for everything from casual breakfasts to holiday meals. The oversized window above the sink also fills the kitchen with natural light. Down the hall, you'll find two comfortable bedrooms and a full bath. The primary bedroom offers two closets and a cozy place to recharge at the end of the day. The second bedroom also features two closets (the sellers opened up one of the closets to hang a TV on the wall), providing flexibility for guests, a home office, or growing storage needs. Need more space? The full basement offers abundant storage and endless possibilities for future expansion. Whether you envision a family room, home gym, hobby area, or game room, there's plenty of room to make it your own. Outside, an additional detached building adds even more versatility. Use it as a workshop, fitness studio, storage space, creative retreat, or hobby room—the choice is yours. Located just minutes from Fort Mott State Park and the Pennsville Shipyard, you'll have easy access to some of South Jersey's most scenic outdoor destinations. Spend your evenings by the waterfront watching spectacular sunsets, explore local parks and trails, or enjoy the area's rich natural surroundings right in your own backyard. If you've been searching for a home that offers peaceful backyard sunset views, low maintenance, and a slower pace of life, 370 S. Hook Road is ready to welcome you home. This is strictly an AS-IS sale. All repairs are the Buyer's responsibility. This includes but is not limited to: lender repairs, appraiser repairs, termite repairs, home inspection repairs, township certificate of occupancy application/re-inspections/repair, etc. Sellers will Not be making any repairs or offering any credits to the Buyer.
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.
