Welcome to 540 Broad Street, where timeless character meets a complete, modern transformation with a massive fenced in yard. This beautifully renovated 3-bedroom, 2.5-bath twin seamlessly blends classic charm with today's most sought-after finishes. From the moment you arrive, the inviting covered front porch sets the tone, perfect for morning coffee or unwinding in the evening. Inside, you're greeted by a bright, open-concept layout filled with natural light and clean, contemporary design. Wide-plank flooring flows throughout the main level, leading into a spacious living area that connects effortlessly to the dining space and fully updated kitchen. The kitchen is a true standout, featuring crisp white cabinetry, subway tile backsplash, modern fixtures, and a functional layout ideal for both everyday living and entertaining. Upstairs, the home continues to impress with three well-appointed bedrooms, including a serene primary suite complete with a private en-suite bath. The additional full bath is conveniently located in the hallway, and the third bedroom on the top floor offers flexible use as a guest room, home office, or bonus space. The bathrooms have been thoughtfully redesigned with sleek finishes, beautifully tiled tub/shower, and updated vanities. Set on a rare 0.20-acre lot, the outdoor space is equally impressive. Step outside to a generously sized, fully fenced backyard offering privacy and endless potential for entertaining, gardening, pets, or play. A covered rear patio adds year-round versatility, while a private driveway provides the convenience of off-street parking. Located in Spring City within the highly regarded Spring-Ford Area School District, this home offers convenient access to Route 422, Phoenixville, Royersford, and King of Prussia, making it ideal for commuters. Just minutes from the Schuylkill River Trail, parks, shopping, and dining, this location combines small-town charm with everyday convenience. Every detail has been carefully considered, from the finishes to the flow. A rare opportunity to own a fully renovated home with character, space, style, and a large yard, all at this price point.
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.
