Back on the market and just in time for the nicer weather. Welcome to this beautifully updated twin located in the highly sought after Roberts Park/Norris Hill Community, known for its friendly atmosphere and welcoming neighborhood feel. This home offers a perfect blend of modern updates and comfortable living spaces designed for everyday living and entertaining. Step inside to find luxury vinyl plank flooring throughout the main level and a stunning electric fireplace set within a tiled brick feature wall - a true focal point of the living room that adds warmth and contemporary style. Upon entering, the living room flows seamlessly into the kitchen, creating an open and inviting layout. The updated kitchen features abundant cabinetry for storage, sleek quartz like countertops, and all new appliances, creating a space that is both functional and attractive. There is also a half bath on this floor. Upstairs, you will find three generously sized bedrooms with plush carpeting, along with a full bath. The partially finished lower level adds valuable living space with an exit door that leads to the backyard, and especially with the additional separate room that offers flexibility for a home office, craft room, or bonus room. The laundry is also located on this level with an outside exit for added convenience. Enjoy outdoor living in the fenced rear yard, ideal for play equipment, pets, or entertaining guests. Rear alley drive-through access provides practical off-street convenience. Close proximity to public transportation, shopping, restaurants, and major access roads truly checks off all the boxes for this move-in ready home in a wonderful community. A NEW ROOF just installed April, 2026. This home is being offered AS-IS, as Norristown has an EXTENSIVE list of U&O Inspection requirements that the homeowners take care of. They are also providing a premium Home Warranty for added peace of mind. Take a look, Fall in love, Make an Offer.
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.
