Opportunity is knocking in Camden Crossing. This updated end-unit townhome at 806 Ryan Street delivers the space, layout, and location buyers are searching for plus a rare financing advantage that sets it apart. Spanning three finished levels with over 2,000 square feet, this 3-bedroom, 2.5-bath home offers a bright, open-concept main level designed for both everyday living and entertaining. Natural light pours through the home, highlighting updated flooring throughout, fresh paint, and a seamless flow from the spacious living area to a well-equipped kitchen featuring a large island, pantry, and ample storage. Upstairs, the primary suite provides a true retreat with a spa-style bath complete with a soaking tub and separate shower. Two additional bedrooms offer flexibility for guests, work-from-home needs, or growing households. Thoughtful updates have already been handled for you, including a new water heater, washer and dryer, dishwasher, updated tile and flooring in key areas, and new light fixtures in the primary bath, making this home move-in ready from day one. As an end unit, enjoy added privacy and natural light, along with the convenience of assigned parking and outdoor space for relaxing or entertaining. Location is everything, and this home delivers. Just minutes to the Inner Harbor, Camden Yards, M&T Bank Stadium, University of Maryland, and major commuter routes including I-95, I-295, and I-83. Walkability, connectivity, and city convenience are all at your doorstep. And here’s the standout: a unique opportunity for qualified buyers to assume an FHA loan with an interest rate in the low 3% range, an increasingly rare advantage in today’s market. Homes with this combination of condition, location, and financing opportunity don’t come around often. Schedule your showing and secure your position early.
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.
