Welcome Home, to 5822 Cedarhurst St! Located on a quiet block, central to all the Best in Philadelphia and the surrounding suburbs, this beautiful 3 bedroom, 1.5 bath home is sure to impress the most discerning buyers! With ample street parking, walk up to your charming townhouse. The front porch is private, with newly installed LVP flooring, all fresh paint, and shiplap walls and ceiling to compliment the original brickwork! Entering inside through the foyer, the living room is large, with incredibly charming details! The first thing to notice is the original 1920s staircase, with ornate woodworking on the railings, and a built in bench seat, only found from expert carpenters of the time! The room is filled with natural light due to the huge front window, and vintage stained glass inlay. The fireplace is decorative, showing off the details of the time, with intricate weaved brickwork along the wall and mantle. Heading into the dining room, notice the crown moldings, large 3 windows, and great space to entertain! The kitchen features stainless steel appliances, granite counter tops, stone backsplash and lots of built in storage options. The basement level is the size of the first floor, containing the washer/dryer, half bath, and large semi finished space for storage, to lay carpet, or make an office or extra living space. Featuring 3 bedrooms, the primary bedroom is large, with 3 great windows allowing lots of light and two deep closets for plenty of storage. The main bath allows for a soaking tub and a stand up stone shower stall perfect for a family. The 2nd and 3rd bedrooms are good sizes and contain another 3 closet spaces for tons of storage! Out back, the home has a flat lot, and small deck for grilling and outdoor entertaining, many fun nights have been had with family and friends! The home is situated perfectly for commuting to Center City or the Western Suburbs, the Angora train stop in a block away, and PHL Airport is only 20 minutes! 5822 Cedarhurst has been loved and cared for by its current owners for over 12 years. They are excited to see who will continue to love the home as much as they did, and continue the fun that has been had. They hope you feel the positive vibes and fun energy as much as they did! Be sure to schedule a showing sooner rather than later, this one will not last long! Reach out to Ben DiMedio with any questions. Your home awaits at 5822 Cedarhurst!
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.
