Welcome to 45 Valentine Road located in sought after Ivyland Village! This 3,500+ sqft Victorian consists of 4 bedrooms, 2 full bathrooms, 2 half bathrooms, and a fully finished basement! As you travel through Ivyland Village to arrive at this property you will get a taste of what Ivyland Borough is all about. From the Victorian houses, the neighborhood square where the children play on the playground, and walking distance from the center of the borough and Warminster Community Park, this development is unique from many others. Heading towards the rear of the development you will find 45 Valentine awaiting your arrival! The concrete driveway leads you to the left side of the house and the two car garage. Heading through the front door of this home, the formal living and dining rooms welcome you with an open floor plan with access to the half bathroom. As you head down the hallway (with updated flooring), the eat-in kitchen area provides a space for a large kitchen table, a lot of counter space for food preparation, and visibility into the family room. From off of the side of the kitchen there is an updated laundry area by the back door. When you make your way up to the second floor, the open balcony provides plenty of natural light for the four bedrooms and the and two full bathrooms. The spacious primary bedroom also consists of a California Walk-In closet that provides you with a lot of functional storage. The primary bathroom consists of a soaking tub, a stand-up shower, and a double sink with other amenities. The other three bedrooms are consistently sized and provide ample closet space! Last but not least, is the fully finished basement! Currently, the basement consists of a workout section, a TV and entertaining area, an alternate eating and bar area, a half bathroom, and storage closets along with access to the backyard! Come make an appointment and see what this property 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.
