Nestled on a quiet cul-de-sac in the highly desirable Whitman Square neighborhood, just moments from the Whitman Swim Club, this beautifully maintained rancher offers the perfect blend of comfort, convenience, and future potential. From the moment you arrive, you'll appreciate the peaceful setting. Backing to the local school and tucked away from through traffic, this location offers a sense of privacy while still being close to shopping, dining, parks, and major commuting routes. It's the kind of neighborhood where evening walks, friendly neighbors, and a true sense of community are part of everyday life. Inside, you'll find the ease of one-floor living. The thoughtfully designed layout allows daily life to flow effortlessly, with all primary living spaces conveniently located on the main level. The current owners even relocated the laundry upstairs into the third bedroom, creating true single-level living, while maintaining basement hookups for future flexibility. What truly sets this home apart is the opportunity it provides beyond move-in day. The expansive unfinished basement offers a blank canvas for whatever comes next... whether that's additional living space, a home gym, recreation room, office, workshop, or simply valuable storage. Rather than paying a premium for someone else's renovation choices, you'll have the freedom to create a space tailored to your lifestyle when the time is right. Adding even more value, the home is equipped with solar panels that help keep energy costs predictable and affordable. With an approximate monthly solar payment of just $129, buyers can enjoy the benefits of energy efficiency while potentially reducing overall utility expenses. This is a feature that's becoming increasingly attractive in today's market. Whether you're looking for the simplicity of ranch-style living, room to grow, or a neighborhood you'll love coming home to, 907 Preston Court delivers. Move in comfortably today, build equity tomorrow, and enjoy everything that makes Whitman Square one of Washington Township's most sought-after communities. Opportunities like this don't come along often. Schedule your private tour and experience it for yourself.
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.
