This Colonial in the Southern Lehigh School District offers a versatile floor plan designed to adapt to a wide range of living styles. Situated on an expansive lot of nearly half an acre, the property serves as a private retreat featuring a flowing natural stream and a scenic backyard. With a neutral color palette throughout, the home provides a functional and refreshed interior that is ready for immediate move-in. The journey begins at the covered front Trex porch, which leads into a Foyer that opens directly into the spacious Living Room. This front-facing gathering area provides a comfortable introduction to the home and serves as a bright, welcoming space for daily life. The updated Kitchen is a central highlight, featuring stainless steel appliances and a classic tile backsplash. The layout includes wide openings to both the Living Room and Dining Room to ensure an easy flow for entertaining. A window-lined eat-in area anchors the space, offering peaceful views of the rear grounds and the stream while you enjoy your morning coffee. Conveniently located off the one side of the Kitchen is a flexible room that can easily transition between a Formal Dining Room or a cozy Sitting Room and on the other side, a large, window-lined Family Room. This expansive space not only frames views of the private backyard but also provides direct access to the paver patio for seamless indoor-outdoor living. The main floor is designed for accessibility, featuring a Large Main Bedroom and a second well-sized Bedroom. These rooms share a fully updated Full Bathroom on the first level. Upstairs, the second floor offers two additional private quarters, including a third large Bedroom with private access to another updated Full Bathroom and a fourth Bedroom suited for a home office or guest room. The lower level significantly expands the usable space with a fully finished room currently utilized as a Gym/Recreation Room. This level also houses a dedicated Laundry area, generous extra storage, and internal access to the 1-car Garage. Outside, the property offers your own piece of nature with the stream and nearly half an acre of open space, all while being located just minutes away from local schools, shopping, and major commuter routes.
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.
