Welcome to 717 Longstreth Road, a beautifully updated ranch tucked onto a sprawling 0.44-acre lot in Warminster’s sought-after Story Book Homes neighborhood. One-level living done right, with major improvements throughout and a backyard that has to be seen to be believed. Inside, a bright open layout features wainscoting, refinished flooring, and a flow into the formal dining area and eat-in kitchen with granite countertops, hexagon tile backsplash, stainless steel appliances, and a garden window over the sink. The expanded primary suite is a true retreat with an exposed wood beam, a walk-in closet with custom barn-style sliding door, and a fully remodeled en-suite featuring a double-sink quartz vanity and stand-up shower. Two additional bedrooms, an updated hall bath, and a spacious first-floor laundry with backyard access complete the main level. The finished basement offers bonus living space with laminate flooring, recessed lighting, and a built-in bar nook, ideal for a playroom, home office, or media room. Outside is where this home truly shines. The massive fenced-in backyard is one of the largest in the neighborhood, featuring an expansive paver patio, grill station, fire pit area, storage shed, and kids’ play structure under mature shade trees. The property backs directly up to McDonald Elementary, offering unbeatable convenience for families. Major updates include a new roof, HVAC, remodeled kitchen and primary bath, new flooring, paver patio, privacy fence, and water filtration system (all 2020), plus a new washer and dryer (2025). Centennial School District. One-car attached garage and long driveway for plenty of off-street parking. Don’t miss it.
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.
