Tucked in the heart of Hamilton Township, this beautifully updated two-story Cape Cod offers the rare combination of turnkey finishes ,real square footage, and a location everyone will love. With 1,850 square feet, 4 bedrooms, 2 full baths, and a full basement waiting to become your next favorite space, this home is built to fit your life today and grow with you tomorrow. Step inside to a completely refreshed interior: a brand-new kitchen with granite counters, stainless steel appliances, and soft-close white cabinetry sets the tone, while refinished hardwood floors, new lighting, and fresh paint throughout carry that same quality into every room. The main level offers two comfortable bedrooms, with a full bath and direct access to both the garage and basement from the kitchen. Upstairs, two generously sized bedrooms overlook the fully fenced backyard, joined by a second full bath, a linen closet, and a huge storage room that solves the clutter problem before it starts. Downstairs, the unfinished basement complete with laundry is a blank canvas for a future rec room, home gym, or additional living space, adding real upside without the price tag of a finished one. The big-ticket items are already done: newer Lennox gas heat, central air conditioning, and replacement windows mean lower utility bills and one less thing to budget for after closing. Outside, new front landscaping and a freshly painted exterior welcome you home, and the fully fenced backyard is ready for pets, play, or your next cookout. Updated, efficient, and priced to move. This is the kind of home that doesn't sit on the market. One or more photos have been virtually staged.
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.
