THIS SALE INCLUDES TWO SEPARATE PARCELS — ONE FEATURING THE HOME WITH A TWO-CAR GARAGE, AND THE OTHER A SEPARATE GARAGE, ONE OF ONLY SIX AVAILABLE EXCLUSIVELY TO OWNERS WITHIN THE COMMUNITY. Welcome to luxury living in the highly sought-after Waterside community. Do you enjoy the charm of small-town urban living but need the convenience of nearby highways and rail access? Imagine walking across the street to the cafe while catching up with neighbors, or starting your day with a client meeting over coffee and a fresh croissant. When entering the home you will immediately notice the natural light that flows from room to room. The lower level is highlighted by a two car garage and a large room that can be used as a office, playroom, or a separate bedroom. Heading upstairs is where you will fine the open-concept kitchen and family room offering the perfect blend of style and functionality. The kitchen features rich wood cabinetry, sleek granite countertops, a spacious island with seating, and stainless steel appliances complemented by a modern tile backsplash. Pendant lighting and recessed fixtures add a warm, inviting ambience. Flowing seamlessly into the bright family room, this space is ideal for entertaining or everyday living, with large windows providing plenty of natural light and room for both dining set and relaxation. Completing the main level is a convenient half bath and a composite deck featuring an electric awning — perfect for entertaining or simply relaxing outdoors. Heading upstairs is where you will be welcomed by a spacious primary suite, a serene escape designed for comfort and style. The room is bright and airy with large windows that fill the space with natural light, while soft neutral tones create a calming atmosphere. The adjoining primary bathroom featuring a double vanity and a separate glass-enclosed shower. A generous walk-in closet completes the suite, providing ample storage and organization space for all your wardrobe needs. Completing the upper level are two additional bedrooms, each offering generous closet space, along with a full bathroom that serves these rooms and a conveniently located laundry area. Completing this exceptional home is a spacious, separate garage designed for versatility and convenience. Whether you need room for seasonal storage, an extra car, motorcycles, or a prized sports car, this garage has you covered. Hobbyists and collectors will appreciate the generous space for tools, equipment, or projects. Additionally, pull-down stairs provide access to a lofted area, offering even more storage for items you don’t use every day — making organization effortless while keeping your living spaces clutter-free. Experience the sought-after Waterside lifestyle — with scenic riverfront walking paths, inviting community green spaces, playground and a vibrant neighborhood feel. Enjoy easy access to shopping, dining, and major roadways in this truly move-in-ready home designed for effortless living. It’s the perfect blend of luxury, comfort, and low-maintenance living along the river. Two Parcels Home and Separate Garage 02-064-139C322 144 B Federal Street Seller is selling both together, the house and the separate garage.
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.
