A Downingtown stunner and a nature lover’s dream! Welcome home to 111 Briarwood Drive, ideally located in the ultra-desirable Cross Keys community. This classic 4-bedroom, 2.5-bath colonial sits gracefully on a picturesque one-acre corner lot, surrounded by mature trees in a quiet, walkable neighborhood and complemented by a two-car side-entry garage and a large driveway offering ample parking. Step inside to a welcoming foyer that flows seamlessly into the recently renovated, stylish kitchen. Here you’ll find granite countertops, an abundance of crisp white cabinetry, stainless steel appliances, and a charming farmhouse sink overlooking the backyard—perfectly complemented by an excellent lighting package. Just off the kitchen is a warm and inviting sunken living room/den, ideal for cozy winter nights, as well as an incredible all-seasons room offering plenty of space to host meals, relax with a book, or simply enjoy the peaceful backyard views. Completing the main level is a bright and versatile living room/flex space featuring nearly floor-to-ceiling windows and upgraded recessed lighting, along with a conveniently located powder room. Upstairs, you’ll find four generously sized bedrooms, highlighted by a spacious room over the garage and a comfortable primary suite with its own en-suite bathroom. A full hall bath completes the second level. The interior is rounded out by a cozy finished basement—a film lover’s dream—with built-in shelving, ample storage, laundry space, and even room for a home gym. And then there’s the lot. This property strikes the perfect balance of usable outdoor space without overwhelming maintenance. Whether you’re hosting gatherings, planting a vegetable garden, or letting furry friends roam, there’s room to enjoy it all. With close proximity to Marsh Creek State Park and East Brandywine Community Park, outdoor recreation is always just minutes away. All of this, set within a beautiful neighborhood that feels both private and connected. Don’t miss this one!
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.
