Multiple offers received. Please submit highest and best offers by Monday, July 13 at 12pm. Welcome to 6169 Mountain Laurel Court, where a beautifully renovated interior meets one of the standout lots in Cabin Run Estates: a rare 216-foot-deep yard backing directly to open space, with no rear neighbors in sight. Hardwood floors greet you at the entry and flow into a sun-filled great room with views straight through to the green beyond. The renovated kitchen is the heart of the main level, featuring crisp gray shaker cabinetry, quartz countertops, stainless steel appliances, natural gas cooking, and a pantry, all opening to a generous dining area made for everyday meals and easy entertaining. Sliders lead to a private deck overlooking the fenced yard, where morning coffee comes with a view of lawn, trees, and sky instead of the back of another building. Upstairs, the spacious primary suite offers a walk-in closet and private full bath, joined by two additional bedrooms with wood flooring and a full hall bath. The finished lower level adds a true third level of living space: a spacious family room with recessed lighting and a cozy fireplace, a dedicated work-from-home zone with built-in desk and shelving, plus laundry and generous closet storage. Outside is where this home truly separates itself. The fenced yard with storage shed extends to additional lawn beyond the gate, all backing to protected open space, offering a depth and privacy rarely found in a townhome. Natural gas heat and a brand new roof in 2019 keep ownership worry-free, with an attached garage and driveway parking adding everyday convenience. All of this in the award-winning Central Bucks School District (Groveland Elementary, CB West), minutes to Doylestown Borough, Peddler's Village, Lake Nockamixon, and Route 611 for an easy commute.
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.
