🏠Welcome Home to 1237 E Strasburg Road🏠 Classic Charm Meets Suburban Serenity in West Goshen Township✨ Nestled on a lush, level half-acre lot, this timeless 2-story Colonial offers the perfect blend of traditional elegance and modern comfort. Located in the heart of the highly regarded West Chester Area School District, this 3-bedroom, 2.5-bathroom home is a sanctuary for those seeking a peaceful lifestyle without sacrificing convenience. Step inside to discover hardwood floors that flow throughout the main and upper levels. The inviting living room serves as the center of the home, featuring a classic brick fireplace that promises cozy evenings during the winters. Speaker wires are already ran and ready for you to hook up your perfect sound experience. The main level is designed for both daily life and effortless entertaining: A large living space, formal dining room, and a bright kitchen with access to the large deck overlooking the spacious, level backyard. The second floor is dedicated to comfort, housing three spacious bedrooms with ample closet space and hardwoods. * Master Suite: Features two closets and a private, updated master bathroom. * Additional Bedrooms: Two well-appointed rooms share a hall bath. Bonus Storage: A full basement provides storage potential and features easy walk-out access to the rear yard. Ethernet has also been run throughout the home. Location is everything, and 1237 E Strasburg Road delivers. You are just minutes away from the vibrant West Chester Borough, known for its award-winning dining, boutique shopping, and seasonal festivals. Schedule your tour of this home!
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.
