Nestled in the charming community of Swatara Township, this delightful ranch-style home offers a perfect blend of comfort and functionality. With 1,260 square feet of well-designed living space, this residence is ideal for those seeking a cozy retreat with modern conveniences. The home boasts three comfortable bedrooms and single level living that provides easy access and convenience. The bathroom features a walk-in shower, adding a touch of luxury to your daily routine. The heart of the home is the well-appointed kitchen, equipped with a range and dishwasher, making meal preparation a breeze. Beautiful wood floors enhance the warmth of the living spaces, creating an atmosphere that feels like home. Outside, the property is equally impressive; set on a generous 0.85-acre corner lot, the beautifully landscaped front yard welcomes you with curb appeal, water your plants from the on property well or the city water. The private rear yard is a true oasis, featuring a saltwater pool that invites relaxation and fun during warm summer days. Enjoy evenings soaking in the hot tub or hosting gatherings on the patio, where memories are sure to be made. Additional features include an oversized attached garage with built-in storage, providing ample space for vehicles and hobbies. The property also includes outbuildings, such as a shed and shed shop, offering extra storage solutions for your outdoor equipment and tools. With a view of the street and city, this home is conveniently located near local amenities, ensuring that everything you need is just a short drive away. This charming residence is not just a house; it's a place where you can create lasting memories. Whether you're enjoying a quiet evening by the pool or hosting friends for a barbecue, or spending time in your garden this home offers the perfect backdrop for your lifestyle. Solar panels are paid off and making your monthly bill very low and affordable! Don't miss the opportunity to make this inviting property your own!
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.
