Welcome to 47 Emerald Drive, a beautifully crafted custom brick home offering over 3,000 square feet of flexible living space designed for those who appreciate character, versatility, and privacy in the highly sought-after Laurich Gem North neighborhood. Situated on a rare double corner lot along a quiet, low-traffic street, this distinctive property delivers both presence and tranquility. Unlike standard floor plans, this custom-built home offers architectural character and thoughtfully designed spaces that adapt to your lifestyle. Inside, abundant natural light pours through oversized windows, highlighting the warmth and craftsmanship throughout. A striking double-sided wood-burning fireplace creates ambiance between living spaces, perfect for cozy evenings and effortless entertaining. The updated kitchen blends style and functionality, while the dining area offers a direct view of the Appalachian Mountains — providing a stunning backdrop for everyday meals and special gatherings. A spacious loft overlooking the main living area and pool offers a versatile retreat ideal for a home office, studio, reading lounge, or potential fifth bedroom conversion — a rare feature that enhances both flexibility and value. The primary suite serves as a private sanctuary featuring a boutique-style custom walk-in closet with extensive built-in storage and display shelving, designed for exceptional organization and wardrobe capacity. The suite flows into a luxurious Italian travertine primary bathroom complete with natural stone finishes — the perfect place to unwind and relax after a long day. The finished lower level further expands the home’s versatility with expansive bonus space perfect for guests, hobbies, private offices, or multigenerational living. Two additional rooms with closets provide flexibility for a variety of needs. A dedicated theater room and a generous reading/library area enhanced by built-in bookshelves create an ideal environment for entertainment, work, and relaxation. Step outside to your fenced backyard oasis featuring an in-ground pool, mature peach trees, and exceptional privacy — perfect for summer gatherings and peaceful outdoor enjoyment. (Pool liner replacement may be considered with acceptable offer.) Additional highlights include smart home features, ample parking, and two STIHL robotic lawn mowers that convey with the property for effortless lawn care. This is a rare opportunity to own a distinctive custom home offering space, scenic views, privacy, and refined living in one of Chambersburg’s most desirable neighborhoods. Please remove shoes or put on shoe coverings provided upon entering the home.
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.
