SOME HOMES ARE SIMPLY A PLACE TO LIVE—THIS ONE IS WHERE MEMORIES ARE MADE. Picture slow mornings with coffee on the screened porch, afternoons spent cooling off in the pool, evenings gathered around the fire pit, and weekends filled with laughter on the expansive deck. Designed for both everyday comfort and effortless entertaining, this charming Cape Cod offers the spaces where life's best moments naturally unfold. Inside, WARM HARDWOOD FLOORS, FRESH PAINT, and abundant natural light create a welcoming atmosphere from the moment you arrive. The UPDATED KITCHEN, featuring STAINLESS STEEL APPLIANCES, flows seamlessly into the dining area, making it easy to stay connected whether preparing a holiday meal, hosting friends, or enjoying a quiet dinner at home. A NEWER ROOF adds peace of mind, allowing you to focus on enjoying your new home instead of worrying about major projects. The FINISHED LOWER LEVEL provides valuable additional living space ready to become your media room, recreation area, fitness space, hobby room, or home office. Upstairs, the spacious PRIMARY SUITE includes an adjoining flex area that's perfect as a reading retreat, workspace, dressing area, or exercise room. Two additional bedrooms and TWO BEAUTIFULLY UPDATED FULL BATHROOMS provide comfort and versatility. Step outside and discover your own private backyard retreat. The SCREENED PORCH, EXPANSIVE DECK, COVERED PATIO, ABOVE-GROUND POOL WITH SUN DECK, FIRE PIT, and FULLY FENCED BACKYARD surrounded by mature landscaping create the perfect setting for everything from peaceful evenings to lively get-togethers. A THREE-CAR DRIVEWAY provides generous off-street parking, while the kitchen appliances, washer, dryer, and pool equipment all convey. Ideally located in the heart of Cockeysville, you'll enjoy convenient access to Hunt Valley, York Road shopping and dining, Oregon Ridge Park, I-83, and the Warren Road Light Rail station, making recreation, commuting, and everyday conveniences all easily accessible. IF YOU'VE BEEN SEARCHING FOR A HOME THAT OFFERS COMFORT, FLEXIBILITY, AND SPACES THAT INVITE YOU TO RELAX, ENTERTAIN, AND ENJOY EVERY SEASON, THIS COULD BE THE ONE. Check out the Immersive 360 Matterport tour and Drone footage and schedule your private tour today to see why this home feels so special.
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.
