Welcome to 319 Willowbrook Road in Upper Chichester’s desirable Willowbrook community, where flexible living spaces and thoughtful updates meet a beautifully maintained setting. The home is framed by mature landscaping and a lush front yard, creating a warm and inviting first impression. Out back, you’ll find raised garden beds and two storage sheds, offering both functionality and space to enjoy the outdoors. Step inside to a welcoming entryway with a sun-filled living room to the left, highlighted by a large bay window, and stairs to the second floor on the right. Just beyond, the heart of the home opens up into a spacious kitchen with an eat-in dining area featuring built-in storage and abundant natural light. A standout feature of this home is the converted family room, now serving as a private in-law suite complete with its own full bathroom, kitchenette, and separate exterior entrance—ideal for multigenerational living, guests, or flexible use. Can be easily restored to as a family room. Upstairs, the primary bedroom has been expanded from two rooms into one generously sized retreat. Two additional bedrooms and a full bathroom complete the second floor. The lower level offers excellent storage, a dedicated office space, and a separate area for utilities and laundry. Additional features include solar panels (buyer to assume current lease), adding energy efficiency to this already versatile home. The following appliances are less than 5 years old: washer, dryer, fridge, and stove. The Central Air Conditioning system was newly installed in 2024. Conveniently located near shopping, major roadways, and commuting routes to Philadelphia, New Jersey, and Delaware—this home offers both comfort and convenience in a well-established community.
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.
