Welcome to Your Dream Home in Downingtown! Step into this freshly painted and move in ready Federal rowhome, where classic charm meets modern comfort. The inviting front deck sets the tone for warm gatherings and relaxing evenings. Inside, gleaming hardwood floors and abundant natural light create a welcoming atmosphere throughout the spacious living room—perfect for entertaining or cozy movie nights. The open layout seamlessly connects the living and dining areas, leading to a huge deck ideal for outdoor dining and summer barbecues. The modern kitchen features sleek stainless steel appliances, making meal prep a delight. Upstairs, you’ll find a large primary bedroom and two additional well-sized bedrooms, all freshly painted and ready for you to move right in. The full hall bath is stylish and functional, designed for everyday convenience. The finished lower level offers a versatile space for a home office, gym, or playroom, complete with plush carpeting and easy access to the laundry and utility rooms. Step out the rear basement door to a covered patio—perfect for grilling rain or shine—and a handy storage shed. The fenced yard provides privacy and backs to a quiet fire alley, offering extra peace of mind. Don’t miss your chance to own this move-in ready gem— Showings begin Friday at 12 so schedule your tour today and experience all the thoughtful updates for yourself. This community is located in Chester County; Downingtown is celebrated for its small-town charm and vibrant community spirit. Residents enjoy excellent schools and a welcoming atmosphere. The borough is known for its historic architecture, scenic parks, and a lively and walkable downtown filled with local shops and restaurants. If you enjoy the outdoors you will be happy to be near: Struble Trail: A scenic path along Brandywine Creek, perfect for walking, jogging, biking, and fishing. The trail is open year-round and showcases beautiful seasonal views. Kerr Park: Features tennis courts, basketball courts, disc golf, a skatepark, and playgrounds for all abilities. Great for families and outdoor enthusiasts. Dowlin Forge Park & Lloyd Park: Offer walking trails, picnic areas, playgrounds, and creek access for fishing or relaxing afternoons. Dining & Shopping: Downingtown’s Main Street and surrounding areas are home to a variety of eateries and boutiques. Enjoy local favorites like: Victory Brewing Company: Renowned for craft beers and American fare. Station Taproom: Offers craft brews and classic taproom bites. La Sponda: Upscale Italian cuisine with homemade pasta and wine. Green Street Grill: Popular for breakfast and brunch. The Social on 30: Southern-style scratch kitchen and bar. Nearby Attractions & Events: Marsh Creek State Park: Just minutes away, offering kayaking, hiking, fishing, and beautiful lake views. Downingtown Rock Gym: Indoor climbing for all skill levels. Annual Festivals: Downingtown Fall Fest and Good Neighbor Day celebrate local culture and community spirit and different holiday parades. Whether you’re seeking outdoor adventure, delicious dining, or a strong sense of community, Downingtown offers something for everyone. Schedule your tour today and experience the best of home and town living.
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.
