OFFER DEADLINE SET FOR SUNDAY 2/22 AT NOON. Welcome to 420 Market Street, where charm, space, and opportunity come together in the heart of New Cumberland. This 3-bedroom, 2.5-bath home offers a flexible layout and a location that’s hard to beat, just a short walk to downtown shops, restaurants, entertainment, parks, and nearby creeks, with fishing close by for those who enjoy the outdoors. Inside, you’ll find a super spacious kitchen with an oversized island perfect for gathering, a roomy pantry, and the convenience of first-floor laundry. The main living areas flow easily to sliders that open onto a covered patio and fenced yard designed for relaxing or entertaining. The yard also features garden space and a chicken coop for those who love a little homestead touch. The primary suite showcases stylish exposed beams, adding warmth and character. One and a half baths have been updated, and the home includes a new dishwasher, a new natural gas boiler (2023), an updated electric panel (Dec. 2025), and a new roof, first half was completed August 2025 and the remaining half was just completed February 2026! All A/C units and a dehumidifier will convey. Zoned Mixed Use, this property offers multiple possibilities for a buyer. The standout feature is the massive 30' x 40' steel-framed detached garage (approx. 1,200 sq ft) with its own gas and electric lines, ideal for storage, hobbies, workspace, or potential rental income. This is a home that blends everyday comfort with unique flexibility, all in a walkable, community-centered location.
420 Market St, New Cumberland, PA 17070
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.
