Welcome to this unique, waterfront dream home located on Big Timber Creek! Enter inside to a great foyer/mudroom area leading to an incredible open concept layout on the first floor with recessed lighting and bamboo hardwood floors throughout. The kitchen features breakfast nook, stainless steel appliances, and ample storage and counter space. From the kitchen, dining area and living room you will experience amazing waterfront views from the full length sliders and windows across the entire back of the home. Step out onto the newly designed wrap around deck with stunning panaramic views of the water. Upstairs offers 2 large bedrooms - Master suite with vaulted ceilings, gas fireplace, walk-in closet, full length windows for additonal stunning views of the waterfront, built in shelving, and master bath with whirpool tub. The 2nd bedroom also has vaulted ceilings and a large closet with connected full bathroom as well. This home has 2 laundry areas for your convenience - the 2nd floor and also in the lower level. The lower level offers a great space for a 3rd bedroom if needed, or keep it as an incredible entertainment area with double sliders to the backyard and patio. Outside features include a 3 car driveway, fenced yard area, shed for storage, and your own private dock! Watch the boats cruise through the creek while fishing from your very own dock just steps from your back door. Enjoy direct access to the water for any of your own watercraft hobbies whether it be boating, canoeing, or kayaking. This property has endless possibilities and is move-in ready just waiting for a new owner to make it theirs! Conveniently located within minutes to most major highways such as Rt 295, Rt 42, Rt 55, local bridges to Philadelphia, the Atlantic City Expressway and many local shopping areas. Schedule today to tour this waterfront bliss!
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.
