Positioned on a quiet, desirable street in Laverock, this stately center hall stone colonial showcases timeless architecture, refined updates, and exceptional curb appeal. Set on .36 acres of beautifully manicured grounds, the home’s striking schist stone façade, classic black shutters, and slate roof create an unforgettable first impression, offering equal parts charm, character, and enduring craftsmanship. For nearly two decades, this home has been lovingly cared for and thoughtfully updated, preserving its historic soul while enhancing everyday livability. Step inside and you’re welcomed by a traditional center hall layout and rich original hardwood floors that run throughout. To the left, a gracious living room anchored by a wood-burning fireplace invites cozy evenings and intimate gatherings. To the right, a sun-filled dining room sets the stage for everything from holiday dinners to casual weeknight meals. At the heart of the home, the kitchen features stately black soapstone countertops, crisp white shaker cabinetry, and a suite of high-end stainless steel appliances, including a BlueStar range, Miele dishwasher, Fisher & Paykel refrigerator, and a GE Monogram convection oven, offering both elevated performance and timeless style. Just beyond, a composite deck provides the perfect setting for morning coffee, al fresco dining, or entertaining under the stars. A convenient powder room completes the main level. The second floor hosts a serene primary suite with a walk-in closet and a beautifully renovated bath adorned with marble and chrome finishes. The primary bathroom also features heated floors for added comfort. Two additional bedrooms and a full hall bath with a classic pedestal sink and tub complete this level, along with access to a private outdoor patio. The third floor offers even more flexibility, with an additional bedroom, ideal for guests, a home office, or creative space. Completing this level is a charming full bath featuring an original clawfoot tub, as well as a spacious additional storage room. A one-car garage and extended driveway provide plenty of parking, while the home’s lush, green surroundings offer both privacy and tranquility. Perfectly positioned just minutes from the shops, dining, and charm of Chestnut Hill, and within walking distance to the growing Wyndmoor corridor, this location offers the best of suburban serenity with easy access to everything you need. Commuters will appreciate the proximity to both Glenside and Wyndmoor regional rail stations, each just a 5 to 10 minute drive.
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.
