COMING SOON! Step into this beautifully renovated 3 Bed, 1 Bath townhome offering 1,024 Sq Ft of fresh, modern living! Tucked away on a quiet street in the Halethorpe community. Offering modern comfort and convenience, this townhome offers a perfect blend of classic charm and modern updates. The front covered porch lends comfort for your morning brew and relaxing. Step inside to a bright and inviting living space filled with natural light with a bay window view and fresh warm wood flooring throughout main level, new lighting and a welcoming flow that instantly feels like home. The kitchen features granite countertops and custom tile backsplash with warm wood cabinetry. New stainless-steel appliances include a double door Refrigerator/Freezer, Stove, rangehood, dishwasher and a new garbage disposal. Delight in the convenience of a utility room with washer/dryer hookup adjacent to kitchen. Whether you are preparing dinner for family or entertaining friends, the kitchen offers an island and inviting addition with portal windows offering a stained glass ambience creating a ever-changing atmosphere of color to entertain and overlooking the rear yard. The upper level offers three well-appointed bedrooms with fresh new paint, carpet, lighting fixtures and lots of storage. Retreat to modern bath designed with style and functionality in mind with a new ceramic tile bath, fixtures, vanity and lighting with a skylight adding a bright natural glow. Step outside to your private, shaded deck with connecting utility shed- Your privacy awaits for weekend barbecues, or relaxing after a long day. A low-maintenance yard means more time to enjoy life and less time on upkeep. This home offers the comforts of a private parking pad! With no HOA, you’ll have the freedom to make the property your own. Located minutes from all schools, Unger's Field, Hillcrest and Southwest Area Parks. 13 min drive to BWI Airport, I-95, Patapsco State Park and MARC Train service, this home is a commuter's dream - offering easy access to Baltimore City, Columbia, and Washington, D.C. Local parks, schools, and shops make every convenience just around the corner!
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.
