Set within the sought-after Wiltshire at Oxford community, well-maintained 403 Inkwell Court delivers the space, layout, and thoughtful updates that make a home feel effortless from the moment you arrive. A dramatic two-story foyer welcomes you with a graceful staircase and an immediate sense of volume, opening to a formal dining room and a private first-floor office framed by French doors. At the heart of the main level, a generous family room anchored by a fireplace flows naturally into the breakfast area and kitchen, where a slider leads out to the deck and a peaceful backyard made for morning coffee or evening gatherings. The kitchen has been reimagined for both style and function, featuring refaced cabinetry, new hardware, updated countertops and backsplash, an expanded island, a deep sink, and newer appliances. Refined finishes continue throughout, including all-new 8-inch luxury vinyl plank flooring and carpet, fresh paint, custom trim and baseboards, refreshed stair banisters, and updated lighting in the primary living areas. A convenient main-level laundry room and full bath complete the first floor. Upstairs, the private owner's suite offers a tray ceiling, a walk-in closet, and a spa-inspired bath with a double vanity, a separate walk-in shower, and a soaking tub. Three additional well-sized bedrooms and a second full bath finish the upper level. The finished lower level extends the living space even further with a second family room, a half bath, and a large utility area with its own outside entrance, while a two-car attached garage adds everyday ease. Recent improvements bring lasting peace of mind, including a newer roof and central air system (both 2021), energy-efficient front and sliding doors, updated bathroom flooring, new blinds throughout, and refreshed landscaping. Ideally positioned near the charming town of Oxford in Chester County, the home offers quick access to major routes connecting to Philadelphia, Delaware, and Maryland. Comfort, space, and quality updates come together here in one rare offering.
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.
