Acreage, Privacy, and Endless Possibilities! Welcome to your Baltimore homestead or urban retreat. Nestled back from the road in a lush, tree-lined setting, 202 S Athol Ave offers something rare a charming 4-bedroom home with almost 2000 sq ft of living space on over an acre of usable land, surrounded by mature trees, natural green space, and room to truly grow. From the full front porch, follow the stone pathways around to view a lush landscape that already feels like a private retreat. The yard offers space for gardening, chickens, pollinator habitats, or quiet mornings under the canopy of established trees listening to the birds sing. Whether you're dreaming of a modern homestead, urban farmette, or nature-inspired escape, this property delivers. Inside, the home blends classic character with thoughtful updates. Like the original hardwood floors and warm, inviting living room with wood-burning fireplace for cozy and efficient heat. Flow into the morning sunroom, the enclosed porch that could be the plant room of your dreams! Find a formal dining room with high ceilings, tucked through the original pocket doors. The built-ins bring even more character to the space. The kitchen and first floor half bath are steps to the deck. The rebuilt rear deck overlooks the koi pond and fully fenced in yard area. The home has also had extensive interior upgrades since 2016, which means the systems are in! New water main + updated PEX plumbing. Energy-efficient windows throughout. French drain system + dual sump pumps. Mini split HVAC system for bedroom level creates a cool and energy efficient design. The four bedrooms are comfortable in size and the flexible living area is the finished upper level ideal for studio, office, guest area. Parking for 4 or more cars, plus on street parking. And for those thinking bigger…the land itself holds significant long-term potential. Zoning may allow for subdivision or additional development (buyer to verify with Baltimore City)—making this a rare opportunity for multi-generational living plans. Build your vision. Create your retreat. Properties like this don’t come around often and they don’t usually last long.
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.
