Welcome to this wonderfully laid-out corner lot home featuring 4 generously sized bedrooms and 2.5 baths in the highly coveted Twin Ponds East section of Washington Township. The home also offers a 2-car garage, a 4-car parking driveway, and a fully covered front porch. Numerous updates have been made throughout the home. The combination formal living room and dining room are oversized and ideal for large-scale entertaining and holiday gatherings. There is a main floor private home office! The dining room features wainscoting and crown moldings and flows into the kitchen, which offers granite countertops, newer cabinetry with quiet-close doors and drawers, a garbage disposal, and an open floor plan that extends into the spacious family room. The family room features a modern wood-encased gas fireplace exit that leads out to the custom-designed backyard. The entire first floor features shaved hardwood LVP flooring. The backyard is its own private oasis, complete with white vinyl fencing, a full-sized concrete patio, Sprinkler systems to keep the beautifully lush green lawn, and a custom shed/poolhouse. The above-ground pool is partially recessed to give the feel of an in-ground pool and includes a wraparound landscape stone walkaround. The pool is heated. All of the bedrooms are oversized — truly more than generously sized. The primary (master) bedroom includes a walk-in closet, a full primary (master) bathroom, and matching his-and-hers vanities with separate sinks. The main full bathroom features a double-sink vanity. Flooring throughout the home is newer, and most rooms have been freshly painted. The finished basement consists of a huge recreation area that is fully drywalled and has numerous accents like the main wall ship-lap, Rolling custom doors, and recessed lighting. It also includes a home study and plenty of storage space. The home is conveniently located in Southern New Jersey, approximately 15 minutes south of Philadelphia, 1.5 hours from New York City, and about 45 minutes to Atlantic City casinos and world-famous beaches such as The Wildwoods, Cape May, Stone Harbor, Avalon, Sea Isle City, and Ocean City. Additional key location features within a 10-minute drive include doctors and Jefferson Hospital. The local high school features a nationally recognized performing arts theater that hosts concerts and plays from national acts. Nearby amenities include Walmart, Target, Home Depot, Lowe’s, numerous grocery outlets, banks, and the Turnersville Auto Mall. Dining options include Outback Steakhouse, Texas Roadhouse, Carrabba’s, and Applebee’s. Entertainment options include a 14-screen United Artists multiplex, a 48-lane Brunswick bowling alley, and many other attractions, including the public lake at Washington Lake Park and more. Bring your offer sheet — you will not want to miss this rare opportunity to own property in this community.
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.
