OPEN HOUSES SAT 5/9 & SUN 5/10 1pm-4pm Nestled in the desirable West Hills neighborhood in Baltimore City, this charming Colonial townhouse exudes timeless elegance and modern comfort. Built in 1950, this residence has been meticulously maintained and updated, offering a perfect blend of classic architecture and contemporary amenities. Step inside to discover a spacious interior that boasts 1,024 square feet of thoughtfully designed living space. The open floor plan seamlessly connects the living, dining, and kitchen areas, with beautiful hardwood floors throughout, creating an inviting atmosphere ideal for both entertaining and everyday living. The heart of the home features a well-appointed kitchen equipped with stainless steel appliances, including a built-in microwave, gas 5 burner stove, dishwasher and a convenient granite island for casual dining illuminated with two stylish pendant lights. Ascend to the upper level to find three generously sized bedrooms, each designed with comfort in mind. The primary suite boasts an electric built-in fireplace, ceiling light fan, walk-in closet, providing ample storage space, hardwood floors & crown molding giving the space a sophisticated style. The two additional bedrooms are perfect for family, guests or a home office complete with hardwood flooring and closet space. The fully finished basement offers additional living space with a large carpeted family room, office space with LVP flooring, and a beautifully updated full bath with LVP and walk-in shower, a tucked away laundry area with a top loading washer & front loading dryer, and convenient walk-up stair access to the rear yard. This outdoor oasis features a covered rear deck, perfect for al fresco dining or enjoying a morning coffee and a cement front porch. The exterior of the home is equally impressive, with well-maintained sidewalks and street lights enhancing the neighborhood's charm. Located in an urban setting, this property is just minutes away from local shops, dining, and parks, making it an ideal choice for those seeking a vibrant lifestyle. With its combination of luxurious features, prime location, and a welcoming community, this townhouse is a rare find that promises to meet the needs of discerning buyers. Don’t miss the opportunity to make this exquisite residence your new 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.
