Welcome to 413 Braun Ct — a charming ranch-style home tucked away on a quiet cul-de-sac in the desirable Woodbury Gardens neighborhood. This 2-bedroom, 1-bath property offers comfort, privacy, and incredible potential, making it a perfect opportunity for first-time buyers, downsizers, or anyone looking to add their own personal style to a well-located home. One of the standout features of this home is the spacious fenced-in backyard, providing a private outdoor retreat ideal for entertaining, pets, gardening, or simply relaxing. The cul-de-sac setting offers minimal traffic and a peaceful neighborhood atmosphere while still being conveniently close to everyday essentials. Inside, the home features a practical single-level layout with bright living spaces and plenty of opportunity to customize and make it your own. Whether you're looking to update, renovate, or move right in and improve over time, this home provides a solid foundation in a great location. Convenience is key, as the property is just minutes from shopping, dining, parks, and public transportation, with easy access to major highways including Routes 55, 295, and 42. This makes commuting simple, and Philadelphia is only a short drive away—offering the perfect balance between suburban living and city accessibility. Homes in quiet cul-de-sac locations with private yards like this do not come along often. Schedule your private tour today and see the potential this Woodbury Gardens gem has to offer. This is a multiple-offer situation. We are requesting that all offers be submitted no later than Monday, March 23, 2026 at 6 pm. I will be reviewing all offers with my client after. If you are interested in proceeding, please submit your highest and best offer as soon as possible, and no later than the deadline. Please feel free to reach out if you have any questions or need anything further. Additionally, please note that the lockbox code has recently been updated due to instances where the property was not properly secured and lights were left on after showings. The property is equipped with cameras. All agents are required to turn off all lights and ensure the property is fully secured upon completion of their showing. If your agent does not have the updated lockbox code, please have them call or text me at 856-745-8179. Thank you for your cooperation.
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.
