**Photos to come!** If you've been searching for the perfect blend of city living, neighborhood charm, and thoughtful updates, your search ends here. Welcome to 3639 Chestnut Avenue, a beautifully renovated three-bedroom, one-and-a-half-bath rowhome in the heart of Hampden. Step inside to an open floor plan where the living room flows seamlessly into the dining area and kitchen, creating a space that's perfect for everyday living and entertaining. A custom picture-frame accent wall stretches the length of the main living space, adding character and a designer touch, while fresh paint, recessed lighting, updated fixtures, new hardware, and luxury vinyl plank flooring create a clean, modern feel throughout the first floor. The kitchen offers solid wood cabinetry, granite countertops, stainless steel appliances, a pantry closet, and plenty of room for both a full-size dining table and casual eat-in seating, making it as functional as it is inviting. Upstairs, the spacious primary bedroom features exposed brick, luxury vinyl plank flooring, and a generously sized closet, a rare find in many classic Hampden rowhomes. Two additional bedrooms feature brand-new carpeting, while two skylights bring beautiful natural light into the upper level. The refreshed full bath includes new flooring, a stylish vanity, fresh paint, and updated finishes. The lower level offers exceptional flexibility with freshly painted floors, new recessed lighting, and abundant space for storage, a home gym, workshop, hobby space, or future finished living area. Step outside to enjoy the rear deck, the perfect spot for grilling, relaxing, or entertaining. Recent improvements include a custom front door with a new frame and transom, a new basement window, refreshed exterior trim, fresh paint throughout, updated lighting and hardware, LVP flooring and countless finishing touches that make this home truly move-in ready. The location is just as impressive. Walk to The Avenue's acclaimed restaurants, neighborhood cafés, breweries, boutiques, parks, and local favorites. Enjoy annual traditions like Miracle on 34th Street and HonFest, catch a movie at The Rotunda, or take advantage of quick access to I-83 and downtown Baltimore. Hampden is one of Baltimore's most walkable, creative, and vibrant neighborhoods, and this home places you right in the center of it all. Move in, unpack, and start enjoying everything Hampden 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.
