Multiple Offers Received****Highest and Best Due Tuesday 4/21 at 10am.***Tucked at the end of a quiet no-outlet street in Northampton Borough, 510 Apple Street presents a compelling opportunity to own a well-positioned colonial offering privacy, functional living space, and long-term upside in one of the area’s most established residential settings. Set on a flat, usable lot, this home delivers a layout designed for real-world living. The main level features a spacious front living room filled with natural light, complemented by a separate family room at the rear of the home - creating two distinct living areas ideal for entertaining, relaxing, or accommodating today’s evolving household needs. The flow between spaces is practical and intuitive, allowing for both everyday convenience and flexibility. The kitchen and dining area are centrally located and open to one another, providing a connected environment for meals and gatherings. Sliding glass doors lead directly to an elevated deck and adjoining patio below, extending the living space outdoors. This setup creates a natural environment for hosting, outdoor dining, or enjoying the privacy of the backyard. The lot itself is level and usable, offering potential for future customization, recreation, or landscaping enhancements. Upstairs, the home features three well-proportioned bedrooms, including a spacious primary bedroom with ample closet space. A recently upgraded Jack and Jill bathroom with a double vanity serves the second level, offering both functionality and efficiency for shared use. Additional features include a first-floor laundry and mudroom area, a convenient half bathroom, and a full basement providing significant storage capacity with the potential to be finished for additional living space, home office, or recreation area. The oversized two-car attached garage adds both convenience and utility, and is equipped with an installed electric vehicle charging station - an increasingly desirable feature that supports modern living and future-forward ownership. Mechanically, the home is supported by a forced air heat pump system with central air conditioning, public water and sewer, and a 200-amp electrical service, providing a solid foundation for long-term ownership. Located within close proximity to local schools, parks, shopping, and dining, this property offers a balance of neighborhood privacy and everyday accessibility. The setting at the end of the street further enhances the sense of separation while still remaining connected to the surrounding community. For buyers seeking a home with strong fundamentals, functional layout, and the opportunity to personalize over time, 510 Apple Street represents a strategic purchase in today’s market - delivering space, location, and long-term potential in Northampton Borough.
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.
