Welcome to 6458 N. Smedley Street, where classic Philadelphia charm meets everyday convenience. As you arrive, you'll immediately appreciate the attractive brick-front exterior that creates timeless curb appeal. A partially covered brick patio provides the perfect spot to enjoy your morning coffee, unwind after a long day, or simply watch the neighborhood go by. Step inside the enclosed sun porch, a bright and inviting space that serves as the perfect transition from outdoors to in. Whether used as a sitting area, reading nook, or place to enjoy the changing seasons, this versatile space adds character and functionality to the home. From there, you'll enter the spacious living room, where natural flow and comfortable living come together. Continue into the dining room, creating an ideal setting for family dinners, holiday gatherings, and entertaining guests. The kitchen offers ample space for meal preparation and everyday living. Upstairs, you'll find comfortable bedrooms designed for rest and relaxation, along with a full bath. The lower level provides valuable additional space that can be tailored to your needs, whether for storage, hobbies, a home office, workout area, or recreation. A full bathroom on the lower level adds convenience and flexibility, while the dedicated laundry area helps simplify daily routines. The basement also features a rear entrance, providing direct access to the outside and enhancing the functionality of this versatile space. Whether you're coming and going, tackling household tasks, or utilizing the lower level for additional living and storage needs, these thoughtful features add both comfort and convenience to everyday living. Beyond the home itself, you'll enjoy the convenience of West Oak Lane living. Nearby parks, local restaurants, shopping centers, grocery stores, and everyday amenities are all within easy reach. Commuters will appreciate convenient access to SEPTA bus routes, regional rail service, Broad Street, Cheltenham Avenue, Route 1, and other major transportation corridors connecting you to Center City Philadelphia, Montgomery County, and beyond. Whether you're relaxing on the covered front patio, enjoying the sun porch, entertaining in the formal dining room, or taking advantage of the many nearby conveniences, 6458 N. Smedley Street offers the perfect blend of character, comfort, and accessibility. Come take the tour and see why this could be the perfect place to call home.
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.
