Perfectly tucked along a side street in the heart of Parkside Borough, 9 W. Chelton Road, a three-bedroom detached home, is the kind of place that instantly feels welcoming from the moment you pull up. With its charming brick façade, inviting covered front porch complete with a porch swing made for slow mornings and evening conversations, and a long private driveway offering plenty of off-street parking, this home effortlessly blends character and convenience. Step inside through the old-world vestibule entry and immediately feel the warmth and character throughout. High ceilings, beautiful original woodworking, ornate finishes, hardwood floors, and an open layout give the home an airy yet cozy feel. Sunlight pours through the oversized living and dining spaces, creating a bright and welcoming atmosphere that feels equally suited for quiet mornings at home or hosting family and friends for the holidays. The kitchen combines charm with functionality, featuring white cabinetry, stainless steel appliances, a gas range with double ovens, and an abundance of cabinets throughout for storage. Direct access via a rear entry door to the patio and yard makes entertaining effortless and keeps indoor-outdoor living seamless. The level fenced rear yard creates the perfect setting for everything from summer barbeques and yard games to letting your two- and four-legged family members run free. Back inside, the beautifully crafted staircase leads to three comfortably sized bedrooms, including a spacious primary bedroom highlighted by classic bay windows that flood the room with natural light. An updated full hall bathroom with a tub/shower combo completes the second level. Downstairs, the clean and dry basement with exterior access via bilco doors to the driveway provides excellent storage space, workshop potential, or room for all the extras. New AC unit servicing the main level installed in 2022. Beyond the home itself, the location is hard to beat! Conveniently situated near everyday conveniences, major routes (95, 322, 476), and just a short drive to the shops, restaurants, and entertainment of Media, you’ll also enjoy easy access to outdoor favorites like Taylor Memorial Arboretum and Ridley Creek State Park. Whether you’re looking for a place to call home or searching for your next investment opportunity, this property offers incredible potential with its convenient location, timeless character, and functional layout. Full of charm, natural light, and everyday practicality, this is a home that’s easy to fall in love with. Book your showing today!
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.
