Seller is offering a $10,000 credit to help the next owner update paint and carpet to their own style, creating a great opportunity to personalize the home while stepping into strong value from day one. Welcome to 10241 Centralia Station Rd, a 5-bedroom, 3-bath Chester home built in 2021 and situated on over 3 acres. With the current sales price, this home offers the kind of space, flexibility, and value that is hard to find. The main level features an open layout with high ceilings, recessed lighting, and plenty of natural light that makes the space feel bright, easy, and inviting. The kitchen brings style and function together with granite countertops, stainless steel appliances, a large center island, pantry space, eat-in area, and a wall oven that adds a polished custom feel. Whether you are cooking, entertaining, or grabbing coffee before the day starts, this space makes everyday living feel easy. A first-floor bedroom adds the kind of flexibility every homeowner appreciates. Use it for guests, a home office, a gym, or a quiet space away from the upstairs bedrooms. Upstairs, you will find 4 additional bedrooms, 2 full baths, and a spacious loft ready for movie nights, gaming, a playroom, or second hangout area. The primary suite is one of the true highlights of the home, offering space, privacy, and comfort that makes it feel like your own retreat. It is the kind of room you look forward to coming back to at the end of a long day, with a calm, tucked-away feel, 2 walk-in closets, and a private bath that makes the space feel both practical and personal. Newer construction, over 3,000 square feet, a large lot, modern features, and a convenient Chester location near shopping, dining, schools, and major roadways make this home an easy one to love.
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.
