About This Home Excellent opportunity for both homeowners and investors! Located just minutes from Oriole Park at Camden Yards and within walking distance to University of Maryland, Baltimore, this property offers convenience, rental potential, and prime city living. This spacious home features 5 bedrooms and 3.5 bathrooms, making it ideal for multi-family use or generating rental income. The property includes a separately updated rental unit, while the front/main unit features new carpet and a new HVAC system, offering a solid foundation for further customization or value-add improvements. Additional highlights include: Separate utility systems Large 2-car garage with potential for conversion into a 3rd unit or loft (buyer to verify) Kitchens equipped with laminate countertops, wood cabinetry, ranges, and over-the-range microwaves Dishwashers and garbage disposals for added convenience Mixed flooring throughout, including carpet, ceramic tile, and laminate Enjoy being close to dining, entertainment, and city attractions, including nearby local favorites like Pickles Pub. Perfect for investors or buyers looking to live in one unit while renting the other. If you want, I can make a shorter version, a more aggressive investor-focused version, or tweak it to rank even higher with specific Zillow keywords like “cash flow,” “house hack,” or “multi-unit potential.” No dishwasher, concrete basement Got it — that changes the positioning a bit. Here’s a clean, accurate Zillow-ready version: About This Home Great opportunity for homeowners and investors alike! Located just minutes from Oriole Park at Camden Yards and within walking distance to University of Maryland, Baltimore, this property offers strong rental potential in a highly convenient location. This spacious property features 5 bedrooms and 3.5 bathrooms, ideal for multi-family living or income generation. The home includes a separately updated rental unit, while the front/main unit offers new carpet and a new HVAC system, giving buyers the opportunity to add their own updates and build value. Property highlights: Separate utility systems Large 2-car garage with potential for conversion into a 3rd unit or loft (buyer to verify) Kitchens equipped with laminate countertops, wood cabinetry, ranges, and over-the-range microwaves No dishwasher Flooring includes carpet, ceramic tile, and laminate Concrete basement offering solid storage or additional usable space Enjoy close proximity to dining, entertainment, and city attractions, including Pickles Pub. Ideal for investors or buyers looking to live in one unit while generating rental income. Owner lives on the premises. Saturday & Sunday Showing Hours Strictly 10am-3pm...... Mon-Thurs 10am-6pm..... No showings on Fridays
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.
