Welcome to Summit House Bright, Spacious, and Move-In Ready – All for under $300k Step into this sun-drenched and beautifully maintained two-bedroom, one-bath home in the desirable Summit House community. This second-floor unit offers abundant natural light, scenic open views, and an oversized private deck perfect for relaxing or entertaining. Inside, you’ll find: A welcoming formal entrance hall A spacious living room with hardwood floors and sliding glass doors to the deck An updated kitchen with new flooring, decorative tile backsplash, and ample cabinet space A large primary bedroom with a walk-in closet and deck access A versatile second bedroom – perfect for a home office or guest space An updated hall bathroom with modern vanity and in-unit stackable washer/dryer Outdoor Living at Its Best The extra-large private deck is your personal retreat—ideal for al fresco dining, morning coffee, or evening relaxation with peaceful, open views. HOA & Community Features As part of the Summit House HOA, your monthly fee includes: Common area maintenance Exterior building maintenance Lawn care and snow removal Water, sewer, and trash services Access to community swimming pool, tennis courts, Tots/Lots and clubhouse Top-Rated West Chester Area School District Elementary: Pennwood Middle: Stetson High: Rustin The home is located in the sought-after West Chester Area School District, known for strong academics and vibrant extracurricular offerings. Convenient Location & Nearby AmenitiesPerfectly situated with quick access to: Downtown West Chester – restaurants, boutiques, and entertainment Major highways (Route 3, 202, and 352) – ideal for commuters Shopping centers, grocery stores, and healthcare services. Local parks and trails, including East Goshen Park. Don’t miss this rare opportunity to own a stylish, move-in ready home in a prime location—all at an affordable price point. Whether you’re a first-time buyer, downsizing, or investing, 650 Summit House offers the lifestyle and value you’ve been looking for. This is It, Welcome 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.
