Welcome to 432 Aldan Avenue, a beautifully updated home nestled in the heart of Aldan—a charming Delaware County borough known for its residential character, tree-lined streets, and strong sense of community. This thoughtfully renovated residence (2022-23) showcases a modern, open-concept kitchen designed for both everyday living and entertaining. The space features sleek white shaker cabinetry, a classic subway tile backsplash, stainless steel appliances, and a spacious breakfast bar that seamlessly connects to the adjacent living and dining areas, complete with hardwood floors. A versatile bonus room with a convenient half bath adds flexibility for a home office, playroom, or additional living space. Recessed lighting and clean finishes create a bright, inviting atmosphere, while the functional layout maximizes both style and usability. The home’s attention to detail continues on the second floor with a fully updated bathroom, offering a crisp, contemporary design. Featuring a glass-enclosed walk-in shower with modern tilework, clean-lined fixtures, and a bright, neutral palette, the space feels both fresh and timeless. The second level also includes three spacious bedrooms, each designed to provide comfort, versatility, and a welcoming retreat. Generously sized and filled with natural light, these rooms create a bright and airy atmosphere throughout the day. Rich hardwood flooring adds warmth and character, while the neutral color palette provides a timeless backdrop that easily complements a variety of styles and furnishings. Positioned within a well-established neighborhood, the property benefits from Aldan’s reputation as a primarily residential community with a welcoming atmosphere. Residents enjoy convenient access to local parks, recreational spaces, and community amenities, as well as nearby shopping and dining along Baltimore Pike. The Philadelphia metropolitan area is just a short drive away, offering a wide range of cultural, employment, and entertainment opportunities, while public transportation options—including SEPTA trolley and regional rail lines—provide added accessibility. The area is served by the William Penn School District and offers access to nearby libraries, community resources, and local gathering spaces that contribute to the neighborhood’s connected feel. Outdoor enthusiasts will appreciate the proximity to parks and green spaces throughout the borough, supporting an active and balanced lifestyle. Combining modern interior updates with a convenient suburban location, 432 Aldan Avenue presents an excellent opportunity to enjoy comfortable living with easy access to everything the greater Philadelphia area has to offer.
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.
