Charming 3BR/2.5BA Colonial Townhome | Premium Private Lot | Southfield at White Marsh Experience a rare combination of privacy, modern efficiency, and pristine maintenance in this Colonial townhome. Perfectly positioned within the quiet Southfield community, this property offers a unique advantage: with no homes directly in front or to the rear, you’ll enjoy an open, airy feel and a level of seclusion seldom found in townhome living. Main Level & Gourmet Kitchen The main level features a classic, traditional layout with elegant hardwood floors and decorative chair railing. The gourmet kitchen is a standout, featuring granite countertops, a stylish tile backsplash, and a premium suite of Samsung black stainless steel appliances. A deep, stainless steel undermount sink adds a professional touch to the space. The kitchen transitions through a framed entryway into the formal dining room, creating a distinct and cozy space for meals and gatherings. Upper Level Retreat Upstairs, the primary suite serves as a true sanctuary with a walk-in closet and a private en suite bath with a walk-in shower. Two additional well-proportioned secondary bedrooms and a full hall bath provide flexible space for guests or a home office. Entertainer’s Lower Level & Smart Tech Upgrades The finished lower level provides excellent additional living space, featuring a family room and a built-in dry bar for entertaining. The laundry area is equipped with a reliable GE washer and dryer. This home has been thoughtfully "future-proofed" with high-value upgrades: EV Ready: Stand out from the neighborhood with a dedicated 240V outlet installed out front for convenient electric vehicle charging. Smart Energy: Features a brand-new A.O. Smith Smart Hybrid Water Heater (installed 2025), allowing you to manage settings from your phone while significantly reducing energy costs. Pristine Condition: This home has been exclusively smoke-free, pet-free, and child-free, ensuring the interior is in top-tier, move-in-ready condition. Outdoor Living & Community Relax on the private wood deck overlooking peaceful green space, complete with a storage shed for extra utility. The home is situated in a quiet section of the community surrounded by long-term original owners, offering a stable and friendly atmosphere. Move-in ready and ideally located near shopping, dining, and major commuter routes like I-95 and I-695.
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.
