Have you been looking for a way to escape the everyday hustle and bustle with a little elbow room to breathe?? Look no further! 6217 Anthony Highway is a homesteader's dream!! A warm and cozy farmhouse with the perfect blend of modern convenience and country living. Situated on 1.3 acres, this property truly has it all: a running creek on the grounds, a massive garden for next season’s harvest, a chicken coop, and plenty of space to live the homesteading lifestyle you’ve been dreaming of. Step inside the warm and inviting home featuring 3 bedrooms and 1.5 baths. The spacious farmhouse kitchen offers an attached island and stainless-steel appliances, flowing into a dedicated dining room. Both the living and dining rooms feature bamboo flooring, and the living room’s large picture window fills the space with natural light. Sip coffee on the charming front porch or make use of your enclosed side porch, a great space to kick off those muddy shoes after fetching your fresh eggs each morning or picking fruit from the many mature bushes and trees including a cherry & apple tree, grapes and blackberries! The property includes a full basement with a separate entry and breezeway, plus a walk-up attic that provides ample storage for all your needs. A large, detached building adds even more versatility with garage spaces, a former butcher shop, and additional storage areas—perfect for projects, equipment, or small business use. Commercial zoning allows for multiple uses with great visibility and plenty of parking. Celebrate small-town living with a short walk to the Mont Alto Carnival each year and watch the fireworks right from your front yard! Plus, this home is centrally located for an easy commute to Chambersburg or Waynesboro. If you’ve been searching for a home that offers farmhouse charm, modern amenities, and room to grow, your search ends here. Bring your ideas and make this house your 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.
