Welcome to The Houghton St. Smart Home, a beautifully upgraded, tech-enhanced home in the heart of Roxborough, where modern convenience meets timeless character. Located at 4260 Houghton St in Philadelphia’s sought-after 19128 zip code, this 3-bedroom, 1.5-bath residence offers 1,560 square feet of thoughtfully designed living space, perfect for today’s lifestyle. Step inside to discover an open-concept main level highlighted by original hardwood floors and a fully renovated kitchen that truly steals the show. Featuring quartz countertops with a waterfall edge, marble backsplash, custom bar sink, brass fixtures, and stainless steel appliances (including a newer refrigerator), this space is designed for both everyday living and elevated entertaining. The home continues to impress with a newly added half bath, a completely renovated full bathroom upstairs, and three generously sized bedrooms filled with natural light. The finished, enclosed front porch provides a versatile bonus space, ideal for a home office, playroom, or cozy retreat. Downstairs, a tall, expansive unfinished basement with exterior egress offers endless potential, such as a home gym, workshop, or additional living space tailored to your needs. Where this home truly sets itself apart is in its cutting-edge smart home features. Enjoy peace of mind and convenience with Lutron smart lighting, smart lock, smart thermostat, and a full smart home security system with video surveillance, all designed to keep you connected and in control. Car enthusiasts, hobbyists, and future-forward buyers will love the detached 2-car garage, fully equipped with: WiFi connectivity; Hot and cold water plumbing; Electric vehicle charging station; Updated garage roof (approx. 5 years old) Additional upgrades include a newer water heater (within the past year) and a well-maintained main roof. This home is ideally situated in a vibrant, family-friendly community known for its balance of city convenience and suburban charm. Enjoy easy access to: Wissahickon Valley Park for hiking, biking, and nature escapes; Manayunk’s Main Street for dining, shopping, and nightlife; Local favorites, cafes, and community events; Convenient commuting options to Center City Philadelphia. Whether you're relaxing at home, entertaining guests, or exploring the neighborhood, this location delivers the lifestyle buyers are searching for.
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.
