Nestled in the vibrant neighborhood of Historic Fells Point, this home originally built in 1795, showcases a harmonious blend of historic architecture and contemporary living. The period style renovation of this four story home includes wide plank flooring, four decorative fireplaces, as well as period specific hardware and light fixtures throughout. The rear second floor bedroom also has direct access to the main level patio. Practical upper floor laundry offers great function. With its prime location, historic charm, and easy access to neighborhood businesses and amenities, this property offers an exceptional lifestyle. The home has been thoughtfully updated to showcase its fabulous architectural details and maximize function. Renovated kitchen, bathrooms, new systems, and loads of details have been elevated to make this home perfectly move in ready. Step inside to discover spacious and well-designed living areas. High ceilings and ample windows create an open and airy atmosphere, allowing natural light to illuminate the space throughout the day. This home features four bedrooms and bonus loft space, each offering a serene sanctuary for rest and relaxation. Thoughtful design ensures that each bedroom is cozy and inviting. Step outside to visit local, award winning restaurants and cafes or the two local bakeries. Area 16 parking permit restrictions offer residents up to four passes and one visitor pass to residents. After 5pm through 7am is fully restricted for resident parking, making parking on street simple. Prefer garage parking? You have several to choose from in the neighborhood — with one just around the corner! Take a Saturday stroll to Fells Point for the weekly Farmers Market. Head over to Greedy Reads (locally owned book shop) just two blocks away. Embark on your fitness journey with over half a dozen boutique fitness studios nearby and immerse yourself in the best that City life has to offer. This prime location isn't just about attractions; it's also about practicality. Grocery stores (Whole Foods), pharmacies, and other essential amenities are all in close proximity. The property is just a block away from Baltimore's waterfront promenade where you can walk, run, or bike along the Harbor. Minutes away from one of the largest green spaces in Baltimore (Patterson Park), where you will have tons of festivals, sporting and cultural events to choose from. Convenient access to major roadways and public transportation options ensures that your daily commute is streamlined. Johns Hopkins Blue Jay Shuttle bus stop is just up the street. Whether you're heading to work, visiting friends, or embarking on a weekend adventure, you'll find getting around the city effortless. Schedule a private showing today.
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.
