Welcome to 2600 Queen Anne Rd, a beautifully preserved and thoughtfully updated single-family home offering the perfect blend of timeless Baltimore charm and modern convenience. Originally renovated in 2016, this expansive 6-bedroom, 4.5-bath residence delivers space, character, and flexibility rarely found in today’s market. From the moment you enter, you’ll appreciate the home’s classic architectural details, including high ceilings, original hardwood floors, oversized windows, and elegant period moldings that reflect its historic charm. These features are seamlessly complemented by updated systems, including modernized plumbing, electrical, and heating and cooling, providing peace of mind for today’s buyer. The thoughtfully designed layout offers a versatile mix of formal and casual living spaces—ideal for both entertaining and everyday living. Generously sized rooms provide flexibility for a variety of needs, including home offices, guest suites, or multi-generational living. The kitchen and bathrooms have been updated with tasteful finishes and modern appliances, blending style and functionality. With multiple full bathrooms and a convenient half bath, comfort and practicality are at the forefront. Ample storage throughout the home adds to its livability, while the outdoor space offers a private setting perfect for relaxing or hosting gatherings. Situated in a historic Baltimore neighborhood known for its charm and community feel, this home offers convenient access to local amenities, commuter routes, and city attractions. Motivated seller—bring your best offer! This is a rare opportunity to own a spacious, character-filled home with modern updates in a prime location.
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.
