Rare opportunity in West Towson! This expansive 3,000 SF property offers the perfect blend of classic residential charm, modern updates, and exceptional flexibility for today’s modern lifestyle. Configured with 7 bedrooms and 2 full baths, the home is ideally suited for traditional single-family living, multigenerational households, or flexible reconfiguration. The main level features two bedrooms and a full bath with shower, creating an ideal setup for guest space, in-law accommodations, or aging-in-place living. The home showcases hardwood floors, gas fireplaces, and a recently updated kitchen. The finished third floor with plumbing rough-in provides exceptional additional space—perfect for a future primary suite, home office, or creative studio. Outdoor living is equally impressive, with a large patio, two second-floor balconies, and a fully fenced yard, all surrounded by mature trees and extensive landscaping that provide a rare sense of privacy and natural screening in this highly convenient location. Significant recent upgrades include: Roof replaced in 2021 with Solar panels (Owner Paid Off) Mitsubishi mini-split HVAC system installed in 2021 What truly sets this property apart is its unmatched flexibility: ROA zoning allows for residential, live/work, or professional office use The property also features rare off-street parking for 8–10 vehicles, plus an oversized powered garage—providing not only everyday convenience, but also exceptional flexibility for entertaining, hosting gatherings, or accommodating multiple drivers. Located adjacent to the Dinosaur Playground and Athletic Fields, just moments from the YMCA, courthouse, Towson University, shops, and dining, this is a unique opportunity to own a property that adapts to your needs—whether as a home, workspace, or both. Endless possibilities in a prime West Towson location—don’t miss this one.
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.
