🏡2 Homes on 1 property! A Rare Gem in Harrisburg’s Historic District – 115 Locust & 117 River Street Tucked just a whisper away from the Susquehanna River, where the gentle breeze carries the scent of riverfront blooms and the hum of downtown Harrisburg never feels too far, you’ll find a property unlike any other—two lovingly maintained colonial-style homes on one deeded lot, steeped in history and brimming with opportunity. Welcome to 115 Locust & 117 River Street, a timeless piece of Harrisburg’s past, updated for modern living and ready for its next chapter—whether that’s yours to live, share, or invest in. 🏠115 Locust St: A Grand Restored Beauty This is the main residence. Behind the classic colonial facade is a 5-bedroom, 2.5-bath home that’s been flawlessly restored to honor its original character while adding the comforts of today. Think soaring ten-foot ceilings, gleaming hardwood floors, a walk-in tile shower that feels like a spa retreat, and a kitchen wrapped in granite countertops and sleek modern cabinetry. Mini-split systems offer energy-efficient climate control year-round. Whether you're hosting family dinners or savoring a quiet morning coffee on the brick patio, this home flows with warmth and intention. Currently Tenant occupied! 🏡 117 River St: Income, In-Laws, or Guest Comfort Just steps away sits the second home—a charming 3-bedroom, 2-bath residence with hardwoods throughout and its own private entrance. Currently tenant-occupied, this space provides immediate rental income or the flexibility to welcome extended family, guests, or even create a live/work setup. It’s a rare configuration that makes this property a smart choice for investors and owner-occupants alike. 🌿 A Lifestyle You’ll Love Located less than half a block from the river, outdoor lovers will revel in access to the Riverfront Trail—a favorite for runners, cyclists, and anyone looking to take in the beauty of the water with each season’s change. From this location, walkability is everything. Just minutes from your front door, you'll find craft coffee shops, intimate wine bars, independent bookstores, acclaimed restaurants, and the energy of City Island and FNB Field where the Harrisburg Senators play. 🚗 Commuter-Friendly, Yet Tucked Away You’re in the heart of the city, but getting out is easy—Route 83 and Route 30 are both just moments away, making for a painless commute whether you're headed to Camp Hill, Hershey, or Lancaster. ✨ Bonus Features Shared brick patio for entertaining or relaxing Potential for off street parking Two complete homes = Dual income potential or multi-generational living An unbeatable blend of charm, convenience, and versatility Whether you're a family looking for space to grow, a professional craving the downtown lifestyle, or an investor eyeing rare multi-unit options in a walkable neighborhood, this is the perfect opportunity for you.
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.
