Look no further! This hard-to-find 3 Bedroom 2.5 Bath fenced in back yard Colonial with an attached 2 car garage that abuts community open space and walking trail access will not disappoint. This Reserve At Bailey Station beauty has it all from its convenient 2 minute walking distance to the Thorndale R-5 Septa train station with stops along the Main Line corridor and Philadelphia to all the wonderful and expensive upgrades and improvements throughout the home made by its current owners. As you enter the home you are greeted by the 2-story entrance foyer that comes equipped with the palladium window curtain that can open and close with a remote. The recently remodeled gourmet custom kitchen with all its modern-day amenities and exquisite WOW factor is out fitted with everything you need for those family holiday parties, entertaining, of just enhancing your culinary prowess. This chef and guest friendly space is outfitted with new custom white cabinets, custom granite counter tops and backsplash, built-in dishwasher, refrigerator, Samsung gas stove and oven with an above professional Jenn-Air style exhaust vent, luxury vinyl plank flooring, 2 recessed lights, a glass door pantry, an oversized center island with corian top, two upscale chandelier pendant lighting, extra cabinets with pull out storage and a built-in hidden trash can container drawer, along with a new casement window above the double sink. Off the kitchen, you will delight in the flow to the perfectly placed sun-filled Family Room with extra windows, 6 recessed dimmer switch controlled lights, as well as a gas fireplace that has an above cable television and electrical outlet hook-up already in place. The grandeur of the spacious formal Dining Room with an elegant chandelier, luxury wide plank vinyl flooring along with chair rail and wainscoting are to be enjoyed. Rounding out the main floor level are both the the Living Room with a decorative column along with the Powder Room that has a new toilet and both rooms include luxury wide plank vinyl flooring . A quieter mood prevails upstairs within the private spaces of the second-floor level. The Primary Bedroom Suite is an airy sanctuary providing a peaceful place to unwind. Situated for privacy and designed for comfort, this sizeable room features upgraded luxury vinyl plank flooring, double closets, a tray ceiling, as well as 4 recessed lights along with the Primary Bathroom that comes with a decorative tile border Jacuzzi tub, double vanity, chandelier light fixture, additionally the walk in fully tiled step in shower has safe and easy in and out access, two shower heads, new sliding glass doors along with tile walls and ceiling and a built-in shampoo nook. There are two generous sized bedrooms one with carpeting the other with luxury vinyl flooring. Additionally, the second floor modernized Hall Bath with tasteful porcelain flooring, a new double sink vanity as well as the tub/shower combination will be a wonderful benefit. Lastly, the convenient main floor laundry area with washer and dryer included in the sale. Take advantage of the unfinished daylight walk-out basement with windows, high ceilings along with a sump pump where this bonus space awaits your finishing touches to add extra square footage and additional appreciation upon completion. The current owners additional upgrades and property benefits include: A radon mitigation system was installed in 2016, the newer HVAC system, both gas heat and central air has a humidifier along with a high efficiency air cleaner, home has been freshly painted and has 9 foot ceilings throughout, wrought iron stair railings throughout, primo light package, and the hot water heater was added in 2022. This home boasts the perfect location being close to shopping centers, restaurants, train stations, Route 30 Bypass, Route 202, West Chester, Great Valley Corporate Center and King of Prussia. Come make this exquisite resale your new home today!
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.
