Open House 06/25/2026 4:00-6:00 PM. Looking for a fully updated, move-in-ready 2-bedroom home featuring a rare detached 2-car garage in Columbus's historic Merion Village? Welcome to 139 E Jenkins Avenue, Columbus, OH 43207. Built in 1925, this charming turn-key residence perfectly bridges historic character with modern, high-value upgrades--making it the ideal choice for buyers seeking a renovated home near downtown Columbus. Step inside to find beautiful, natural light-filled spaces boasting gorgeous hardwood floors that flow seamlessly across the main and second levels. The bright kitchen comes equipped with clean granite countertops and modern finishes. Downstairs, discover one of the property's most unique, custom-engineered features: a hidden door leading to a secret finished basement room, offering the perfect secluded space for a quiet home office, creative studio, or media den. You will enjoy absolute peace of mind with major, high-ticket systems updated in 2026. This home features a brand-new roof installed in March 2026, a completely brand-new HVAC heating and cooling system installed in June 2026, and fresh professional paint throughout the entire interior from top to bottom completed in June 2026. The outdoor space features a professionally landscaped yard, a private back patio perfect for morning coffee, and a highly coveted, detached 2-car garage--an exceptional and valuable asset in this historic district. Located in the heart of the sought-after Merion Village community, you are steps from local parks, popular cafes, and dining, with an effortless commute to downtown Columbus. A full inspection was just completed and came back so beautifully clean that the home is being sold worry-free. We'll even share the reports to save you time and inspection fees! Skip the anxiety and buy with 100% confidence
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.