Welcome to this four-level Strauss Attic model by Ryan Homes which sits perfectly in Middle River and offers a layout that simply works for real life, paired with upgrades you can see and feel the moment you walk in. The main level is bright, open, and elevated by an added fireplace, 12-foot ceilings, and hardwood flooring that carries throughout the home, including the stairs. The kitchen flows easily into the dining area and living space, making it ideal for everyday living or hosting. Just off the main area, step outside to the private deck for morning coffee or quiet evenings or if you’re going downstairs to the first floor is the 2 car garage and added first-floor office with matching LVP flooring, perfect for working from home without sacrificing living space. Upstairs, the owner’s suite feels like a true retreat with a walk-in closet and private bath. The additional bedrooms offer flexibility for guests or everyday needs. Hardwood floors continue throughout the upper levels, with carpet only in the bedrooms and hallway for comfort. The top level loft, part of the sought-after Strauss Attic design adds exceptional versatility and includes a full bathroom and access to the upper balcony with views for miles. This space works beautifully as a second living area, guest suite, creative space, or private office. Additional highlights include a full laundry room, 4 total bedrooms, 3.5 bathrooms, two accent walls (one in the primary bedroom and the other in the downstairs office), tankless water heater, whole-home sprinkler system, and all appliances conveying. Well maintained, thoughtfully upgraded, and ideally located near Route 40, Route 43, and I-95 with shopping and dining within a stone's throw away, this home offers space, function, and comfort in one of Middle River’s most convenient locations and desirable neighborhoods. Ready for its next chapter.
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.
