This beautifully renovated townhouse in the desirable Achey Lane subdivision offers a perfect blend of contemporary style and modern convenience. With a major renovation completed in 2025, this property is designed to meet the needs of today's discerning buyers. Spanning 1,074 square feet, this interior row townhouse features three well-appointed bedrooms and one and a half bathrooms, providing ample space for comfortable living. The contemporary architectural style is complemented by a classic brick exterior, ensuring durability and timeless appeal. Step inside to discover a fully finished basement, ideal for a home office, entertainment area, or additional storage. The open layout maximizes space and natural light, creating a welcoming atmosphere throughout the home. The main living areas are designed for both relaxation and entertaining, making it easy to host gatherings or enjoy quiet evenings at home. The property is situated on a compact lot of 0.03 acres, offering low-maintenance outdoor space while still providing the opportunity for personal touches. On-street parking is available, ensuring convenience for residents and guests alike. Located in a vibrant community, this townhouse is close to essential amenities, making daily life effortless. The renovation has modernized the home while maintaining its original charm, making it a perfect choice for those seeking a move-in ready residence. With no pool and a focus on efficient use of space, this property is ideal for buyers looking for a manageable home that doesn't compromise on style or functionality. The combination of contemporary design, thoughtful renovations, and a prime location makes this townhouse a standout opportunity in the market. Don't miss your chance to own this exceptional property that perfectly balances modern living with classic appeal. Schedule a viewing today to experience all that this home has to offer!
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.
