Welcome to 66 Beachhurst Drive, an elegant coastal home that has been fully redesigned from top to bottom, in a prime location close to the Delaware Bay. Let’s make this spacious 4-bedroom and 2 full bathrooms home your Summer retreat or your Primary residence! A stunning open-concept floor plan that offers an eat-in kitchen with a 5-foot kitchen island that can seat at least 4 people. Quartz countertops with a marble mosaic backsplash, a farmhouse sink with a Kohler faucet in a gold finish that is absolutely stunning. The kitchen features custom white shaker-style cabinets with gold hardware. The flooring throughout is a Luxury Vinyl Plank (LVP) in a warm honey color. Open concept living that is perfect for gatherings and entertaining family and friends. A front porch and a 12x20 composite TREX decking that will last a lifetime. A mudroom/laundry room that houses the tankless water heater, washer, and dryer. And yes, the HVAC is brand new. There’s even an outside shower to keep the sand out. Everything was well thought out there is no wasted space. The main bedroom features a walk-in closet and an en-suite with floor-to-ceiling tile and a custom shower glass door. A new concrete driveway that backs to an oversize detached garage, a concrete patio, and even the sidewalk have been replaced. New vinyl fencing that encloses the yard for privacy, along with the French drain trench on the side of the house. Did I mention that the roof is brand new, not just on the house but on the garage as well, along with the windows, doors, Hardie board siding, and even the electrical system has been fully upgraded to a 200-AMP service. A wine fridge and a coffee bar. This home definitely has a coastal feel that is a must-see and a must-have. Nothing was left out; all you have to do is MOVE IN. You're only minutes away from New Jersey’s most beautiful Beaches, Cape May, Minutes from the Cape May-Lewes Ferry. There are numerous Wineries, Breweries, and Restaurants. Yes, Cape May is the #1 Vacation Spot in the Country. Let this home be your #1 Choice. Make your appointment today. Contact the listing agent with any questions.
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.
