Welcome to 403 Quigley Drive, a move-in-ready townhome in the desirable Spring Oak community in Malvern, located within the Great Valley School District. Spring Oak is the antigen, to the vinyl clad, corporate center , cookie cutter townhouse. Its true luxury with energy efficiency, hardie plank siding, community amenities and beautiful dormers and porches. You won't find anything like it elsewhere. This Kingston model offers 3 bedrooms, 2.5 baths, a finished lower level, and a 2-car attached garage with a rare oversized driveway — a standout feature in this neighborhood. Step inside to discover a bright, open-concept floor plan with 9-foot ceilings, a spacious great room with a gas fireplace, and a large dining area that flows seamlessly into the kitchen. The kitchen features granite countertops, 42" cabinetry, stainless-steel appliances, a breakfast nook, and a large island with seating. A main-level office provides a comfortable workspace, and a half bath adds everyday convenience. Upstairs, the primary suite includes two walk-in closets with custom shelving and a bath with dual vanities and a glass-enclosed shower. Two additional bedrooms, a full hall bath, and convenient second-floor laundry complete this level. The finished basement provides flexible space — ideal for a gym, playroom, or media room. Built with Hardie Plank siding, real shutters, a tankless hot water heater, and energy-efficient systems, this home demonstrates quality construction and thoughtful design. Enjoy low-maintenance living with HOA services that include lawn care, snow removal, and exterior upkeep, plus access to community amenities: clubhouse, pool, fitness center, playground, bocce, tennis and basketball courts, community garden, and picnic areas. Sidewalk-lined streets, green spaces, and well-planned common areas enhance the neighborhood setting. Conveniently located near the PA Turnpike, Route 29, and Malvern Borough’s shops and dining — and just minutes from Great Valley Shopping Center, offering stores, restaurants, and everyday conveniences. Nearby favorites include Wegmans, Target, Starbucks, Chick-fil-A, Nudy’s Café, Cedar Hollow Inn, The Jockey Tavern, and Tonino’s Pizza & Pasta, along with many other local options for dining and shopping. Say goodbye to the plastic neighborhoods and make 403 Quigley Drive your next home in Malvern.
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.
