Welcome home to 51 Ridings Way, an elegant, well-appointed colonial home nestled on a breathtaking lushly landscaped premium 1.2 acre lot at the end of a peaceful cul de sac, in the sought after Ridings at Chadds Ford neighborhood, situated in the award-winning Unionville-Chadds Ford school district. Only available due to downsizing / relocation. A truly exceptional home inside & out, this beautiful colonial with endless charm has been lovingly maintained with many recent updates including a complete exterior renovation (Hardie Plank, new windows and new garage doors) in 2022, a new Generac whole house backup generator (2025), custom Master Closet organizers by Closets By Design (2021) and an invisible dog fence. A lovely meandering paver walkway leads you past a stunning facade adorned by abundant lush landscaping up to a french double door entry that walks into the grand towering foyer with a turned staircase and beautiful gleaming hardwood floors flowing throughout the main and upper levels of this stunning home. From the foyer, off to the right is a beautiful formal living room featuring a cozy brick gas fireplace and french doors leading to spacious and bright study. To the left of the foyer is the formal dining room with crown molding and wainscotting that openly flows into the spectacular updated gourmet kitchen, complete with a suite of quality updated stainless appliances including a 5 burner range, wall oven, air fryer and convection oven and a samsung refrigerator, beautiful countertops, lots of beautiful cabinetry, an island and a sunny breakfast room. Adjacent to the kitchen is a conveniently located family room with a cathedral ceiling, palladium window with beautiful views out over the lovely backyard, and triple pane door window that walk out to the deck. Completing the main level is a conveniently located half bath, main level laundry and inside access to an oversized 3 car garage. On the upper level is a beautiful updated primary suite with a large walk in closet with custom closet organizers and an updated en suite bath. Completing the upper level are three additional very nicely sized bedrooms, all with generous closets, a spacious hall bath and there is a walk in attic storage area. The finished basement provides additional living space and also has plenty of storage. Located within minutes of shopping, restaurants, major routes such as I-95, Rt 202, Philadelphia Airport, Longwood Gardens, local attractions, area wineries, West Chester and Kennett Square Boroughs. Showings begin Saturday June 6th at noon; schedule a time to see this fantastic turn-key home today or come to the open house Scheduled for Saturday June 6th from 12 PM to 4 PM; before it's too late !!
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.
