Welcome to this 1923 Colonial home, situated in the Neshaminy School District and offering a rare blend of historic character and modern versatility. Located on an expansive double lot, the residence features over 2,500 square feet of above-ground living space. The main level is warm and inviting, starting with an enclosed 400 square foot climate-controlled front porch that leads into an interior with hardwood floors, original wood trim, and a living room with a wood-burning fireplace. This level also includes a formal dining room, a sitting room, a home office, a laundry room, and a full bath. The kitchen is designed for functionality and gatherings, featuring ample cabinetry, an eat-in area, and significant counter space. This bright workspace overlooks the side yard and provides a practical hub for daily life and entertaining. The exterior offers a large, fenced-in side yard that provides a secure space perfect for hosting outdoor events, gardening, or a play area. Recent exterior improvements include a roof installed in 2020 and new gutters and downspouts added in 2024. At the end of the driveway is a substantial two-car pole-barn style garage, a major highlight of the property. Designed as a dedicated workspace, it features high ceilings, a storage loft, and its own electrical panel. This structure is a significant asset for car restoration, woodworking, or professional-grade hobby and equipment storage. The second floor offers four bedrooms and two full bathrooms, both remodeled in 2023. The primary suite includes a classic clawfoot tub. The home's systems include a whole-house water softener and filtration system with Reverse Osmosis, a water heater installed in 2025, gas heat, and three zones of central A/C. A full third-floor walk-up provides massive storage with the potential to be finished for additional living space. A key feature of this property is the fully independent 800 square foot lower-level living area. Equipped with its own private entrance and separate utilities, this suite is designed for multi-generational housing or guest quarters. The space includes two bedrooms, a full kitchen, a full bath, a living room, a dining room, and its own dedicated laundry. This home provides a flexible floor plan and significant storage space. The property offers fast access to I-295, the PA Turnpike, shopping, and local restaurants. With its unique dual-living setup and impressive workshop, 917 Bellevue offers a practical and versatile living environment.
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.
