Welcome to this stunning West Ward gem where timeless character meets modern luxury. Every inch of this exceptional single-family home has been thoughtfully renovated while preserving the historic charm that makes these homes so special. The completely reimagined first floor features an open-concept layout designed for today's lifestyle, centered around a show-stopping gourmet kitchen with a farmhouse sink, stainless steel appliances, under-counter microwave, tile backsplash, coffee station with beverage refrigerator, and beautiful finishes throughout. A sunny mudroom/laundry room provides the perfect transition to your own private backyard retreat. Upstairs you'll find three spacious bedrooms, including a primary bedroom highlighted by a beautiful board-and-batten accent wall. The full bathroom was completely remodeled and expanded in 2019, doubling its original size to create a spa-like space. There is a walk up attic with plenty of storage space. A convenient first-floor powder room adds everyday functionality. Step outside and discover your own backyard oasis. The fully fenced yard is designed for relaxing and entertaining with an above-ground pool, hot tub, and plenty of room to gather. The detached two-car garage offers even more possibilities with heating and cooling provided by a mini-split system, a second-floor bonus space ideal for a home office, studio, gym, or hobby room, plus an additional parking pad accommodating two more vehicles. Major improvements provide peace of mind, including a new roof (2024), new windows (2024), new front door (2024), and a basement waterproofing system (2025), first floor redesign and full bath reno (2019) Located in Lansdale's sought-after West Ward, you'll enjoy the charm of a walkable neighborhood just moments from downtown Lansdale's restaurants, shops, parks, SEPTA rail service, and community events. This is a rare opportunity to own a meticulously updated historic home where no detail has been overlooked.
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.
