SPECIAL FINANCING AVAILABLE: 100% Financing with no mortgage insurance, Heroes Financing. ASK FOR DETAILS! **The Highlights**: 4BR | 1.5BA | Split level | Fully renovated | Freshly painted| Newer roof ( 6 yrs) | Newer HVAC, water heater & sump pump (approx 1 year old) | Vinyl replacement windows | Updated doors | New LVP flooring | New carpet | New cabinetry throughout | New quartz countertops | All new appliances: refrigerator w/ ice maker, range, microwave & dishwasher and garbage disposal | New light fixtures | Laundry + mechanical area with washer and dryer | Accessible crawlspace for additional storage | Freshly stained deck | 4-car off-street parking | Large yard backs to private berm | No flood insurance required | No HOA | Walkable to Aldi, Walmart, Royal Farms, Main Street, library & post office | Town of Aberdeen benefits: fast municipal snow removal, town police & fire **The Details**: You're going to love this one. Move-in ready. No HOA. No projects. 958 Edmund Street checks every box buyers are hunting for right now. This fully renovated 4-bedroom, 1.5-bath split level has been updated top to bottom — and the big-ticket items are already handled. Roof is about 6 years old. HVAC, water heater, and sump pump are all about 1 year old. Vinyl replacement windows and updated doors throughout. Inside, the work was done right. Fresh paint in every room. New LVP flooring and carpet. New kitchen cabinets, quartz countertops, and a full set of brand new appliances — refrigerator with ice maker, range, microwave, and dishwasher. Updated bath cabinetry, fixtures, and new lighting throughout. This home features a laundry + mechanical room with a washer and dryer included plus an accessible crawl space for additional storage. Step outside to a freshly stained deck and a backyard that backs to a natural berm for added privacy. Four off-street parking spots, no HOA, and no flood insurance required. The location is a real bonus. Aberdeen is one of Harford County's most walkable towns. Aldi, Walmart, Royal Farms, and McDonald's are minutes on foot. Main Street, the library, and the post office are all reachable without a car. Town services mean faster snow removal and local police and fire response. And the commute to APG's main gate? Just minutes away. Affordable, updated, walkable, and private — this one is loaded with value. Come see it and be ready to make your move.
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.
