Welcome to this exceptional waterfront home, where timeless charm meets modern comfort and breathtaking views of the Delaware River. Enter through the heated and cooled all-season room, setting the tone for year-round enjoyment and relaxed coastal living. The first floor features hardwood floors and 9-foot ceilings throughout, creating a bright and spacious feel. The inviting living room centers around a cozy wood-burning stove, while an additional parlour offers flexible space for reading, conversation, or extra seating. A formal dining room is perfect for hosting gatherings, and the well-appointed kitchen showcases white cabinetry, stainless steel appliances, a large island, exposed beams, a pantry, and a classic tile backsplash. Sliding glass doors lead to a screened-in porch, ideal for enjoying river breezes and peaceful views. Also on the main level are a bedroom, a full bathroom, and an office that can easily serve as a guest room or flex space. Upstairs, you’ll find a grand sitting room, the primary bedroom, two generously-sized guest bedrooms, and a full bathroom providing comfortable accommodations for family and visitors alike. The unfinished basement offers ample storage and connects directly to the exceptionally oversized garage, which is ideal for storage and convenience. A large driveway provides plenty of off-street parking. Outside, the fully fenced inground salt-water pool features a durable fiberglass liner and a self-opening and closing pool cover, all overlooking the scenic Delaware River—your own private retreat. Additional highlights include a roof replaced within the last year, energy-efficient solar panels which currently save the owners over $120/month on average, and fully replaced Stucco on the exterior. This waterfront gem combines classic Cape Cod character, thoughtful updates, and stunning riverfront living in one truly special property.
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.
