Built in the summer of 1799, this remarkable log home stands as one of Williamsport's oldest and most cherished historic properties. Perfectly situated on a beautiful lot along one of the town's most prestigious streets, it offers a rare blend of timeless character and modern comfort - just blocks from the Potomac River, the C&O Canal National Park, and picturesque Byron Park. Lovingly restored with a keen eye for authenticity, this three-bedroom residence brims with early American charm. The living room and front upstairs bedroom each feature elegant Federal style mantels, while the gleaming heart-pine floors, echo the craftsmanship of centuries past. Thoughtful modern updates make the home as comfortable as it is beautiful. The kitchen has been tastefully renovated and now opens to a new lounge area, creating a warm gathering space. Both bathrooms have been fully remodeled, and a convenient second floor laundry adds ease to everyday living. From the graceful original front door to the restored staircase and welcoming front porch, every detail reflects pride of preservation. The spacious primary bedroom suite offers a peaceful retreat with new windows, recessed lighting and ceilings. Out back, a large, private fenced yard invites relaxation and entertaining on the rebuilt rear porch. A storage shed and rare off-street parking for 3-4 cars complete this exceptional property. Professionally designed with countless updates and historic charm at every turn, this lovingly restored home is truly one of a kind. Don't wait - Make it yours in time for summer gatherings and town events. Listed are the extensive improvements that were completed. Exterior: Newly resealed/painted roof, New gutters, Rebuilt front porch, new foundation and restored historic features. Rebuilt back porch including concrete floor and masonry supports Restored/rebuilt eaves and cornice with oak, New paint, Restored windows, Restored shutters, Restored front sidewalk with new drain Interior: New flooring in hall, Rebuilt banister, Custom paneling in hall, New bathroom and plumbing 1st floor, Refinished floors living/dining, Restored fireplace in living room, New lighting/fans living and dining, Plaster restoration first floor, New designer paint throughout house, Window and wall restoration dining and kitchen, Dining room floor support work, New kitchen floor, New kitchen appliances, New kitchen ceiling and lighting, Updated counters, New 200 amp electrical service and lines, New lounge room: walls, floors, window restoration, lighting, Rebuilt bulkhead., Central Air, New laundry on second floor: including new washer/dryer, New full bath on second floor, New ceilings and recessed lighting in back addition on second floor/primary suite, New windows in upper bath and primary bedroom. New doors in primary suite, Refinished floors on second floor, Restored window in small bedroom. Ceiling fans in front bedrooms. Restored plasterwork on second floor. A MUST SEE!!
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.
