This is the kind of home that makes life feel a little easier, and a lot more comfortable. Welcome to 522 Jason Drive, a 3-bedroom, 2.5 bath End-Unit, Townhome, located in the highly desirable Clusters community in Southampton. From the moment you arrive, you’ll notice something different, this home sits in a quiet, well-maintained section of the community with a more open feel behind it, backing to a wooded area that adds a sense of privacy you don’t always find here. Step inside and you’re welcomed by a clean, well-cared-for interior with updated flooring that carries throughout the main level. Natural light flows through, illuminating the space, especially in the living and dining areas, where the layout opens up and gives you flexibility in how you live day-to-day. The kitchen is positioned right where it should be, connected to the main living space, making it easy to cook, gather, and stay part of the conversation. Just beyond, the rear doors lead out to a private deck, creating a simple indoor-outdoor flow that works whether you’re relaxing or having people over. Upstairs, the bedrooms are generously sized, including a spacious primary suite with vaulted ceilings that adds to the open, airy feel, and new windows have just been installed. You’ll also find two full bathrooms, giving everyone the space they need without feeling tight or crowded. One of the features that’s not always available in this community, a full basement, offers real opportunity. Whether you choose to finish it for additional living space, a home office, or a workout area, or simply use it for storage, it gives you options that many others here don’t have. Living in the Clusters means low-maintenance living. And the location brings everything together, just minutes from Tamanend Park, the everyday convenience of the 2nd Street Pike shopping and dining corridor, and Churchville Nature Center. Some homes try to impress you, while this one just feels right. Please take a minute to view the Video Tour, and then schedule your in-person showing, today!
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.
