OPEN HOUSES: Saturday, June 27th from 11:00–1:00 PM & Sunday, June 28th from 12:00–2:00 PM. Showings to begin SAT 6/27. Welcome to 1221 Woodbrook Drive, a fantastic four-bedroom colonial situated on a spacious corner lot in one of Warminster's most sought-after neighborhoods. Offering generous living spaces, exceptional storage, and fantastic outdoor entertaining areas, this home checks all the boxes! Step inside from the inviting front patio and discover a classic floor plan designed for both everyday living and entertaining. The sun-filled living room and formal dining room create a warm and welcoming first impression. The spacious eat-in kitchen features ample cabinet space, and views of the fenced backyard. Just off the kitchen, you'll find a large rec room that provides endless possibilities for gatherings, game days, holiday celebrations, or relaxing movie nights. A convenient powder room and laundry room with direct outdoor access complete the main level. Upstairs, the primary suite serves as a private retreat with two generous closets and a renovated en-suite bathroom. Three additional well-sized bedrooms offer flexibility for family, guests, or home office space. A full hall bathroom completes the second floor. Storage is abundant with a full attic plus additional attic space above the attached two-car garage. The finished basement adds even more living space and is ideal for a home gym, recreation room, playroom, media room, or bar area. An oversized driveway and attached two-car garage with interior access provide plenty of parking and convenience. Outside, enjoy summer evenings on the expansive deck overlooking the large backyard enclosed by elegant black iron fencing. The oversized corner lot offers plenty of room to play, entertain, garden, or simply unwind. Location is everything, and this home delivers. Just steps away is Warminster Community Park, featuring walking trails, playgrounds, sports fields, and Safety Town. Costco, shopping, dining, and entertainment are only minutes away, while nearby Street Road and Bristol Road provide easy access for commuting. Located within the highly acclaimed Centennial School District, this home offers the perfect combination of comfort, convenience, and community. Don't miss this incredible opportunity. Come to one of our open houses or schedule your private showing today and experience everything 1221 Woodbrook Drive has to offer.
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.
