121 W Church Street – Historic Luxury in the Heart of Downtown Located in the historic district of Frederick, 121 W Church Street is an exceptional period residence that seamlessly blends historic charm with over $450,000 in thoughtful capital improvements completed between 2015 and 2025. This meticulously restored home showcases original architectural details alongside modern luxury upgrades throughout. The home underwent a comprehensive primary renovation featuring a gourmet chef’s kitchen with custom solid wood cabinetry, illuminated glass display cabinets, Cambria quartz countertops, and a dramatic copper-accented design. Premium appliances include a Wolf six-burner range, Sub-Zero refrigerator, dual-temperature wine cooler, ice maker, and a Wolf under-counter drawer microwave. A spacious 9-foot prep island, copper farm sink, custom copper hood, and designer lighting create an ideal space for entertaining and everyday living. The luxurious primary suite offers a spa-inspired retreat with a large glass-enclosed shower featuring Carrara marble, multiple shower heads, quartz benches, and heated marble flooring. The suite also includes custom dual vanities, a soaking tub illuminated by crystal chandeliers, and an expansive walk-in closet with custom cabinetry and elegant lighting. Throughout the home, original heart pine floors have been carefully refinished, while historic elements such as plaster walls, stained glass panels, and restored pocket doors maintain the property's authentic character. Elegant lighting fixtures, including crystal chandeliers and antique European pieces, enhance the formal living and dining spaces. The living room also features a remote-controlled gas log fireplace. Additional interior improvements include a redesigned family room with built-in cabinetry, a fully remodeled second-floor guest bathroom with marble and designer finishes, and a converted attic space offering flexible office, workout, or guest space along with a convenient second laundry area with new front load washer and dryer. Outdoor living spaces have also been enhanced with a 425-square-foot brick patio in a herringbone pattern, custom brick planters, and a fountain water feature—creating a private and elegant courtyard setting. Exterior upgrades include restored shutters, painted and sealed brickwork, cedar fencing with dual gates, and historically appropriate porch restoration. Modern systems have been addressed with new upstairs and downstairs HVAC systems, appliance upgrades, and continued restoration work to preserve the home’s historic integrity. With its blend of historic craftsmanship, high-end finishes, and extensive renovations, 121 W Church Street offers a rare opportunity to own a turnkey historic residence in one of downtown Frederick’s most desirable locations.
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.
