Barnegat Twp. – Perfectly Positioned on a Beautiful Large Corner Lot in the Highly Sought-After Seacrest Pines Active Adult Community, this 5-Year Young Bristol Loft Model Showcases an Impressive Blend of Style, Comfort, and thoughtful Upgrades Designed to Impress Even the Most Discerning Buyer * From the Moment You Arrive, Curb Appeal Shines with Professional Landscaping, an Expanded 3-Car Garage (Rare find for Communities in the Area) and a Charming Covered Rocking Chair Front Porch that Welcomes You Home * Step Inside to 2,516 sq. ft. of Beautifully Finished Living Space Featuring 3 Generously Sized Bedrooms (Poss. 4th) * 3 Tastefully Appointed Full Bathrooms * Easy Maintenance Laminate Flooring Flows Seamlessly throughout the Main Living Areas, Enhancing the Open and Airy Feel of the Home * Stunning Open Concept Kitchen, Designed for Both Everyday Living and Effortless Entertaining, Showcasing a Large Center Island with Desirable Quartz Countertops, Ample Cabinetry with Under Cabinet Lighting and Space for Casual Dining * The Adjacent Dining Area Features Sliding Glass Doors Leading to a Rear Enclosed Screen Porch—Perfect for Enjoying Morning Coffee or Hosting Guests Any Time of Day * Relax and Unwind in the Spacious Living Room Highlighted by a Cozy Gas Fireplace * French Doors open to a First Floor Den Currently Used as a Home Office for the Work from Home Professionals * First Floor Owners Suite Offers a Private Retreat with an Attached Full Bath Featuring a Double Sink Vanity, Along with a Huge Walk-In Closet that Conveniently Connects Directly to the Laundry Room * Upstairs, the Finished Walk-Up Loft/Flex Space with Full Bathroom Offers Endless Possibilities—Ideal for a Home Theater, Office, Private Guest Quarters (3rd Bedroom), Hobby Room, or Additional Storage While Keeping Everything Organized and Easily Accessible * Attached 3 Car Garage features Direct in Home Access and Multiple Overhead Storage Loft Racks to Maximize Your Storage Space * Whole House Generator Offers Added Peace of Mind and Reliable Backup Power During Inclement Weather * Step Outside and Embrace the Summer Season on Your 12x17 Rear Composite Deck with a Retractable Sunsetter Awning, Perfectly Backing to a Wooded Area for Added Privacy and Tranquility * Seacrest Pines Offers a Vibrant Lifestyle with an Abundance of Amenities and Activities for Residents and Their Guests * Ideally Located Just Minutes to Major Shopping, Dining, the Parkway, Hospital, and the Beautiful Beaches of LBI, This Move-In Ready Home Truly Has It All—Don’t Miss Your Opportunity to Make It Yours!
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.
