Welcome to 24 S. Franklin Street in the heart of Dallastown! Built in 1920 and beautifully restored, this three-story brick Colonial seamlessly blends historic charm with modern convenience. From the inviting front porch to the original stained woodwork and gleaming hardwood floors, every detail reflects the character and craftsmanship of a bygone era. Offering just over 2,500 square feet of living space, with more than 2,900 square feet including the finished lower level, this spacious home features 4–6 bedrooms, 2 full bathrooms, soaring 9-foot ceilings, and a flexible floor plan designed to accommodate today's lifestyle. The elegant front rooms can serve as a living room, dining room, home office, library, or traditional parlor, providing versatility without sacrificing the home's timeless appeal. The updated eat-in kitchen showcases quality Yorktowne cabinetry, granite countertops, and an adjoining breakfast room, creating a warm and inviting space for everyday living and entertaining. The finished lower level adds valuable bonus space for recreation, hobbies, fitness, or storage. The second floor offers four generously sized bedrooms, including a spacious primary bedroom with a walk-in closet and access to a private covered porch. The third floor expands the possibilities with an additional bedroom, den, skylights, electric baseboard heat, and a mini-split system for heating and cooling—perfect for guests, a home office, creative studio, or private retreat. Outdoor living is equally impressive, featuring multiple covered porches, a stamped concrete patio, and a fenced backyard ideal for relaxing, entertaining, and enjoying the outdoors. Modern conveniences include central air conditioning, two renovated bathrooms, a security system, and an energy-efficient solar panel system designed to help reduce utility costs and enhance everyday comfort. One of the property's most exceptional features is the impressive 25' x 47' two-story detached barn/three-car garage. Previously used as a food pantry, this versatile structure offers endless possibilities for vehicle storage, workshop space, hobbies, a home-based business, or potential income-producing uses. With access from both the private driveway and rear alley, it provides a level of flexibility rarely found in borough properties. With more than $100,000 invested in thoughtful improvements, this one-of-a-kind home combines historic character, modern updates, and exceptional functionality. Situated on just over a quarter-acre lot, it also offers the benefits of Dallastown's walkable small-town charm, with parks, dining, shopping, schools, and everyday conveniences just minutes away. Easy access to York and Maryland commuter routes adds even greater convenience. This is a rare opportunity to own a beautifully preserved piece of history enhanced with the modern amenities today's buyers desire.
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.
