Welcome to 826 Trail Avenue, a beautifully updated Cape Cod that blends the character of a classic 1940 home with the comfort and convenience of today's modern living. The 2026 renovations expanded the home's functionality while maintaining the character and details that make this 1940 Cape Cod special. This three-bedroom, three and one-half bath residence offers flexible living space across all three levels while preserving the warmth and charm that make homes of this era so appealing. The newly completed upper level features a spacious bedroom and a zen-like finished full bath, creating a private retreat separate from the main living areas. The lower level has also been finished to provide additional living space complete with a full bathroom and room for recreation, guests, multi-generational living, or an in-law suite. A private rear entrance allows direct access from the parking area into the lower level, providing convenience and flexibility for everyday living. The extensive updates throughout the home include a new kitchen featuring quartz countertops, brand-new cabinetry, and a full suite of new appliances. Additional improvements include new bathrooms, new upper-level windows, a new washer and dryer, fresh paint throughout the entire home, refinished original wood flooring, and the completion of the upper-level living space. These renovations provide modern convenience while preserving the character and craftsmanship that make this home unique. One of the home's most enjoyable features is the rear breezeway, a perfect spot for morning coffee, a good book, or an evening conversation. From the back of the property, enjoy views of the surrounding area and the peaceful setting that makes this home feel removed from the pace of everyday life while remaining close to everything Frederick has to offer. Private off-street parking is located behind the home, offering easy access and the ability to enter directly into the lower level. Located just minutes from Downtown Frederick, you'll enjoy easy access to award-winning restaurants, breweries, coffee shops, boutiques, Carroll Creek, Baker Park, Frederick Health Hospital, Fort Detrick, Hood College, and year-round community events. Commuters will appreciate the convenient access to I-70, I-270, Route 15, and Route 340. Homes that successfully combine historic character, extensive renovations, flexible living space, and a convenient location to so many places. 826 Trail Avenue offers all of those features and more!
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.
