Cottage-Inspired Cape Cod Retreat with In-Law Suite on Nearly 2 Acres in Spring-Ford School District! Welcome to your own private sanctuary—this charming Cape Cod-style home offers the perfect balance of timeless character, modern updates, and flexible living options, all set on nearly 2 beautifully landscaped acres. Shielded from the road by mature trees and fencing, the property features peaceful gardens, a tranquil stream, and even a small pond—an oasis of nature just minutes from everyday conveniences. Inside, the main home offers 3 bedrooms and 1.5 bathrooms, blending original charm with thoughtful renovations. The kitchen was completely redone in 2011 with updated countertops, electric cooking, all new appliances, drywall, insulation, and flooring. The living room was reconfigured in 2014 to add a cozy den and first-floor laundry, while the original side porch was finished in 2024 into a bright home office. Upstairs, you’ll find three comfortable bedrooms, including a refreshed primary suite (2019) with custom closet organizers, and a full bath renovated in 2015. The home has seen extensive system upgrades for peace of mind: new roof (2019), 200-amp electric service, updated plumbing and electrical, new well pump and system (2019), electric hot water heater (2019), and a new HVAC system (2022). A full walk-out basement provides ample storage and easy access to the lower driveway. Step outside to a spacious back deck overlooking the gardens and natural landscape—perfect for entertaining, dining, or quiet evenings surrounded by wildlife. Adding incredible versatility, a large second building includes 1.5 baths, a lower-level workshop/garage space and a finished family/game room. Above, a sun-filled apartment with cathedral ceilings, kitchen, and full bath offers endless options—whether as an in-law or au pair suite, home office or studio, guest quarters, or rental income opportunity. Previously used as an Airbnb and art studio, it has generated up to $30K annually. The property is also subdividable, making it a strong investment opportunity in addition to being a truly unique retreat. Recent improvements across both buildings include new roofs, heating/cooling systems, water heater, and more—yet there’s still room for you to add your own touches. Whether you’re searching for multigenerational living, a private oasis, or a home with strong income potential, this rare gem in the award-winning Spring-Ford School District has it all.
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.
