Seller motivated! Offers will be presented as received. Seller prefers to use Real Estate Settlement and Escrow (RESE) for title and settlement. Nestled in the charming Seneca Park community, this beautifully renovated 3-level townhouse offers a perfect blend of modern comfort and inviting warmth. With major renovations completed in 2022 in recent updated further in 2025, this home is designed to meet the needs of today's lifestyle while providing a cozy retreat. As you step inside, you'll be greeted by a spacious, fully finished basement that serves as an ideal space for relaxation or entertainment. The inviting living area features a fireplace, perfect for cozy evenings spent with loved ones. The open layout allows for seamless flow between spaces, making it easy to host gatherings or enjoy quiet moments at home. The exterior of the property boasts low-maintenance vinyl siding, ensuring that you can spend more time enjoying your home and less time on upkeep and a fenced-in backyard. The attached garage has been stripped, painted, and refurbished and has new epoxy floor coating and the driveway provides convenient parking options, making coming and going a breeze. Seneca Park is not just about the home; it's about the lifestyle. This vibrant community offers a wealth of amenities, including a community pool where you can cool off on warm summer days. The neighborhood is known for its friendly atmosphere. The area is also surrounded by beautiful parks, providing ample opportunities for outdoor activities, picnics, and leisurely strolls. Whether you enjoy hiking, biking, or simply soaking in nature, the local parks are a true gem. Public services in the area are top-notch, with easy access to transportation, shopping, and dining options. Everything you need is within reach, making daily life convenient and enjoyable. This townhouse in Seneca Park is more than just a property; it's a place to call home. With its thoughtful renovations, community amenities, and a welcoming neighborhood, it offers a unique opportunity to embrace a lifestyle of comfort.
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.
