Nestled in the charming Constitution Place community, this exquisite end-of-row townhouse offers a perfect blend of comfort and sophistication. With 1,400 square feet of thoughtfully designed living space, this home is a sanctuary that invites you to unwind and enjoy the finer things in life. Step inside to discover a warm and inviting atmosphere, accentuated by tasteful colonial architectural elements. The spacious living area is enhanced by ceiling fans that provide a gentle breeze, creating an ideal setting for relaxation or entertaining guests. The well-appointed kitchen features modern appliances, including an electric oven/range and a sleek range hood, making meal preparation a delight. The open layout seamlessly connects the kitchen to the dining area, ensuring that every gathering feels intimate and connected. This residence offers three generously sized bedrooms, each providing a tranquil retreat at the end of the day. The thoughtfully designed bathrooms include a full bath and a convenient half bath, ensuring comfort and privacy for all. The main floor laundry adds an element of practicality, making daily chores a breeze. Major updates provide peace of mind for years to come, including a roof installed in 2015, a new HVAC system installed in 2022, and new windows throughout the home in 2025, with the exception of the rear mudroom window. Outside, the property features a charming front yard that enhances the curb appeal and provides a lovely space for outdoor enjoyment. The community amenities include well-maintained common grounds, perfect for leisurely strolls or enjoying a picnic on a sunny day. Parking is a breeze with assigned spaces available, complemented by lighted, paved parking options for added convenience. The location offers easy access to local amenities, ensuring that everything you need is just a short drive away. This home is not just a place to live; it’s a lifestyle choice that embodies comfort, community, and convenience. Experience the joy of living in a well-established neighborhood that values both tranquility and connection. Embrace the opportunity to make this beautiful townhouse your own and enjoy the exclusive lifestyle it offers.
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.
