Nestled on a quiet cul-de-sac in the private Thomas Woods neighborhood, 4 Margy Lane offers the perfect blend of space, privacy, and location. Situated on over half an acre, this beautifully maintained 3 bedroom, 3 bathroom home features 1,816 square feet of living space and delivers that hard to find secluded feel, while still being close to everything Marlton has to offer. This single family property was built in 1978 on sits on a 0.53 acre lot, with a 1 car garage, huge driveway, central air, forced air heat, and a fully finished basement. From the moment you arrive, you’ll appreciate the setting, as it is tucked away in a very private neighborhood where peace and quiet come naturally. Inside, the home offers a warm and inviting layout with spacious rooms and thoughtful features throughout. The vaulted ceilings in the living room create an open, airy feel, adding character and dimension to the main living space. The home’s layout is both functional and welcoming, ideal for a large family and everyday living as well as entertaining. The kitchen and adjoining living areas flow nicely, while the finished basement provides valuable additional space that can easily serve as a second family room, playroom, home office, gym, media room, or recreation area. All three bedrooms offer comfortable accommodations, and the home includes three full bathrooms, including a primary bath that adds convenience and comfort to the owner’s suite. Outside, the fenced-in yard provides privacy and room to enjoy the outdoors, whether you envision summer gatherings, pets at play, gardening, or simply relaxing in your own backyard retreat. With such a generous lot size, this property stands out for buyers seeking outdoor space without sacrificing neighborhood appeal. This is a rare opportunity to own a home in Thomas Woods that offers a little bit of everything! From a private cul-de-sac location, a spacious lot, finished basement, fenced yard, vaulted ceilings, and the charm of an established Marlton neighborhood. Whether someone is looking for room to grow, space to entertain, or simply a home that feels tucked away while still being in a prime location, 4 Margy Lane is one they will not want to miss!
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.
