Nestled in the heart of the vibrant York community, this exquisite Colonial townhouse offers a harmonious blend of classic and modern comfort. With 1,860 square feet of well maintained living space, this residence is designed for those who appreciate the comfortable things in life. Step inside to discover a warm and inviting atmosphere, where natural light dances through energy-efficient, insulated windows, illuminating the spacious formal dining room-perfect for hosting intimate gatherings or festive celebrations. The eat-in kitchen is a culinary enthusiast's dream, featuring ample space for meal preparation and casual dining, making it the heart of the home. The property boasts five generously sized bedrooms, providing ample space for relaxation and personalization. The full bathroom features a luxurious tub shower, offering a serene retreat after a long day. The thoughtful layout ensures that every corner of this home is utilized to its fullest potential, creating an environment that feels both expansive and cozy. Outside, the charm continues with a beautifully cleared and level lot, ideal for outdoor entertaining or simply enjoying the fresh air. The deck and patio areas invite you to unwind with a morning coffee or host evening barbecues under the stars. Exterior lighting enhances the ambiance, creating a welcoming glow as the sun sets. Parking is a breeze with off-street options available, ensuring convenience for you and your guests. The urban location places you within easy reach of local amenities, dining, and entertainment, allowing you to embrace a lifestyle of convenience. This property is not just a home; it's a lifestyle choice. Experience the perfect blend of comfort, and urban living in this exceptional townhouse. Whether you're entertaining friends or enjoying a quiet evening at home, this residence offers convenience that you will cherish for years to come.
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.
