Welcome to 718 Preston Avenue, a beautifully presented twin home in the heart of Bryn Mawr, where refined comfort meets everyday convenience. From the moment you arrive, the setting feels inviting and effortless. A spacious private driveway offers parking for multiple vehicles, leading you to a charming covered front porch that sets the tone for relaxed mornings and quiet evenings. Step inside and you are greeted by a bright, sun-filled living space highlighted by a large front window and tasteful exposed brick, adding warmth and character. The main level flows naturally, creating an open and modern layout that connects the living and dining areas seamlessly to the updated kitchen. Granite countertops, stainless steel appliances, and thoughtful design make this space ideal for both casual meals and entertaining. Toward the rear of the home, you'll find a convenient half bath, laundry area, and flexible bonus space that can adapt to your lifestyle. Just beyond, the backyard offers a peaceful retreat with room to relax, entertain, or create a fenced outdoor haven. Whether hosting summer gatherings, enjoying a quiet cup of coffee, or watching kids play, the outdoor space provides versatility and privacy. The home also has a Full Level 2 EV charger! Upstairs, the home continues to impress with three well-appointed bedrooms and a full hall bath. The primary bedroom offers generous proportions and two closets. The second bedroom is equally spacious, while the third bedroom presents a unique and highly functional layout. Enter through a flexible front area that works beautifully as a reading nook, playroom, sitting space, or home office, leading into the newly added bedroom area. This thoughtful design creates a suite-like feel that offers separation and flexibility for a variety of needs. An unfinished basement provides excellent storage, ensuring everything has its place. Beyond the home itself, the location elevates the lifestyle. Situated in the highly desirable Haverford Township School District and just half a block from Preston Park, outdoor recreation is always within reach. Enjoy playgrounds, open green space, tennis, walking trails, and a welcoming neighborhood atmosphere. You are also moments from Bryn Mawr’s vibrant dining and shopping, with easy access to Ardmore, Suburban Square, and everything the Main Line has to offer. Commuting to Philadelphia is simple, while daily conveniences remain close at hand. This is a home that blends style, function, and an exceptional location, creating an ideal setting for individuals, couples, or families seeking both comfort and accessibility. Schedule your private showing today and experience the charm and lifestyle that 718 Preston Avenue delivers.
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.
