Welcome to your new home in the Thornhill subdivision of Collegeville. This beautiful end-unit townhome offers the perfect blend of comfort, style, and convenience. With 3 spacious bedrooms, recently updated baths, fresh paint, and carpet throughout. The end units of this community feature 2-car garages with inside access plus parking for two cars in the unit’s driveway. The community’s management maintains the grounds and exteriors of the units, so you can enjoy living in your home. There is a pool, fitness center, playground, and a clubhouse shared with the neighboring community. Enjoy the natural light and extra privacy that only an end unit can offer. This home provides ample space for families, guests, or a home office with three levels of finished living space. The open-concept main living area is ideal for entertaining. A foyer with high ceilings welcomes you as you enter the home. The kitchen features gas cooking, granite counters, and space for a casual table, and abuts the family room, with access to the deck. The dining room abuts the living room, which features a wood-burning fireplace open on two sides, providing a line of sight between the living areas on the first floor. Around the corner, you have access to the half bath, 2-car garage, and the partially finished basement. The garage features overhead storage. area. Head upstairs, where you will find a spacious hall. A convenient second-floor laundry closet is located in the hall area. The generously sized primary suite has a spacious sleeping area and a large updated primary bath. The closet space is generously sized. Two additional, nicely sized bedrooms and a shared, updated full bath are located on this level of the home. l Located in the award-winning Spring-Ford Area School District, this home gives you access to some of the most desired schools in the region. Enjoy the peaceful community atmosphere of Thornhill while being just minutes from shopping, dining, parks, and major commuter routes. Conveniently located near several business campuses, making for easy work commutes. The Reynolds Dog Park and the Schuylkill Trail for biking and walking are just minutes away, down the street. Downtown Phoenixville offers great options for restaurants, arts and entertainment, and is an easy drive or bike ride away. History buffs will enjoy exploring Valley Forge Park and other nearby historical sites. Don’t miss your chance to own this exceptional end-unit townhome in one of Collegeville’s most desirable neighborhoods! Schedule your tour today and experience all that Thornhill has to offer. Fast settlement is possible.
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.
