COMPLETELY RENOVATED Historic Home in prime location of Middletown MD! INSIDE & OUT THIS BEAUTIFULLY RESTORED & RENOVATED HOME HAS BEEN UPDATED THROUGH-OUT WITH ALL BRAND NEW ITEMS INCLUDING ROOF & SHEATHING TO ENSURE A SOLID FOUNDATION FOR NEW MATERIALS, ALL NEW ELECTRICAL UPDATED TO CODE, ALL NEW PLUMBING & COMPONENTS INCLUDING FAUCETS, TOILETS & NEW SHOWER, ALL NEW FRIGIDAIRE STAINLESS STEEL APPLIANCES INCLUDING ELECTRIC RANGE/OVEN, REFRIGERATOR, MICROWAVE & DISHWASHER, ALL NEW GOURMET KITCHEN WITH MODERN UPDATES, LIGHTING & CUSTOM DETAILS, BRAND NEW HVAC TO ALL ROOMS OF THE HOME, NEW WATER HEATER, NEW CLOTHES WASHER & DRYER, NEW RECESSED LIGHTING WITH DIMMER SWITCHES AND MORE! So many custom upgrades to see and a newly re-deigned main level which added a new HALF BATH off the living room and includes a MAIN LEVEL PRIMARY SUITE WITH FULL BATHROOM! Finished with impeccable details the home presents a warm and inviting space light and bright with natural finishes for everyday living. Features a total of 4 bedrooms, 2 full baths and 1 half bath! Upstairs are three more spacious bedrooms with hardwood floors and closets. The dream kitchen features extensive custom cabinetry with a built-in buffet including extra electrical outlets for small appliances, Quartzite countertops, Gold pulls and faucet, White tile backsplash and a built in pantry for additional storage. A oversized center island with seating for four and new light fixtures complete the gorgeous finishes and makes a great space for gathering with friends and family for all of the great Middletown events! Many other new features include: recessed lighting with dimmer switches, light fixtures, extra electrical outlets added throughout the home, 1/2 bath added to main level, two closets in primary suite and White tile in bath. Original touches remain that make this home unique. Hard wood floors on the main and second floor have been professionally cleaned and sealed. The brand new roof includes the underneath sheathing as well for structural soundness and was authenticated structurally sound by a structural engineer. Warm tones and matching floors and surfaces through-out the home create continuity and versatile spaces perfect for work, study or creativity. A private back yard offers outdoor space for relaxing and hobbies or gardening. There is plenty of on-street parking out front and is walkable to 3 nearby parking lots. Both lots at 119 Washington St and 31 W Main feature a dual-port ChargePoint Level 2 charger and all lots are always free parking. Enjoy all the events and markets that living on Main Street Middletown offers. This property has been professionally renovated, professionally cleaned and professionally staged and is ready for it new owners to settle immediately. Schedule your showing today!
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.
