Welcome to this charming twin home, situated on a quiet one-way street, in the Blue Bell Hill neighborhood of Germantown! With many recent upgrades, fresh & bright interior, and a gorgeous fenced backyard, you wont want to miss this one. This home truly offers a lifestyle - enjoy being DIRECTLY across the street from the 2,000 acre Wissahickon Valley Park where you can enjoy hiking, biking, horseback riding, fly fishing in a trout stocked creek, bird watching, and many picnic pavilions for warm weather gatherings. According to the Friends of Wissahickon, "More than 50 miles of rugged trails offer hikers, mountain bikers, and equestrians the opportunity to explore the park’s dense forests, open meadows, and shaded creeks. Wissahickon Creek is stocked with trout every spring, luring fishermen to its banks, while birdwatchers migrate to the restored Andorra and Houston meadows to witness the arrival of dozens of bird species." Just imagine the perks of convenient city living, without sacrificing the nature lover in you. Very close proximity to the train station, and quick access to all of the shopping, dining, and cultural attractions of center city Philadelphia. The new brick front porch welcomes you in, to find a bright living & dining area with neutral paint and attractive hardwood floors. The modern kitchen features white cabinetry, butcher block countertops, subway tile backsplash, gas cooking range, and tons of natural light from the windows & skylight. The rear door leads out to your very own outdoor oasis, complete with patio, privacy fence, and meandering walkway leading to a shed/studio with deck for extra usable space that's perfect for hobbies, art, relaxing, etc...the possibilities are endless! Back inside, a half bath and laundry area complete the first floor. Upstairs you will find a spacious bedroom with wide-plank hardwood floors, large sunny windows, and en-suite bathroom. The bathroom has plenty of space and natural light, complete with a beautiful mosaic tile floor. Some recent upgrades include: New roof surface on kitchen/addition (2022), New concrete breezeway (2024), New front porch (2025), and Complete exterior painting (2025). With all of it's unique details, and direct access to Wissahickon Valley Park, this home is truly one-of-a-kind! Easy parking, if not available right on the street, there are usually plenty of spots around the corner on Daniel St.
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.
