Nestled in the highly coveted Ravenscliff neighborhood of Radnor Township, within the top-ranked Radnor School District, this elegant 4-bedroom Colonial offers a rare combination of timeless design and modern comfort. Set on a private, expansive 0.8-acre lot—one of the largest in the community—this exceptional property provides both space and serenity. The home’s exterior has been thoughtfully refreshed with all new wood shutters and a newly resurfaced driveway, enhancing its already impressive curb appeal. A grand two-story foyer welcomes you into a light-filled interior featuring 9-foot ceilings, oversized windows, and refined architectural details throughout, including bay windows with deep sills and plantation shutters in many rooms. The thoughtfully designed main level includes a sophisticated step-down living room with a wood-burning fireplace, a formal dining room with direct access to the deck, and a private office complete with built-ins, a fireplace, wet bar, and tranquil views. At the heart of the home is the expansive gourmet kitchen, outfitted with custom cabinetry, granite countertops, stainless steel appliances, and a center island with seating. It opens seamlessly to the breakfast area and a stunning two-story family room with a vaulted ceiling and a third wood-burning fireplace, creating a warm and inviting gathering space. A sliding door with side panels leads to a multi-tiered deck with a charming gazebo—perfect for entertaining or relaxing while overlooking the private backyard. Additional main-level highlights include a newly renovated mudroom/laundry area—an exceptional transition space—featuring extensive cabinetry, built-in lockers, a second refrigerator, quartz countertops, and direct access to the two-car garage. Upstairs, the spacious primary suite features two walk-in closets and a luxurious en-suite bath with dual vanities, a soaking tub, frameless glass shower, and private water closet. Three additional generously sized bedrooms share a well-appointed hall bath. The finished walk-out lower level provides flexible living space, complete with a full bath, recreation area, and access to a private patio. Special features include three fireplaces, a wet bar, plantation shutters, and a new top-of-the-line wireless security system. Recent updates include a cedar shake roof (8 years), central air (3 years), and a clean stucco inspection (2020), offering added peace of mind. As a member of the Ravenscliff community, you can enjoy access to the beautiful ponds, streams and walking trails in the neighborhood. Ideally located just minutes from downtown Wayne, with convenient access to fine dining, shopping, major highways, Center City Philadelphia, and Philadelphia International Airport, this home delivers the perfect blend of luxury, convenience, and everyday living in one of Radnor Township’s most desirable communities.
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.