23 E Montgomery St, Baltimore, MD 21230
4 beds · 3 baths · 3,000 sqft
Step into a beautifully preserved piece of Baltimore’s rich history with this stunning property at 23 E. Montgomery Street. Nestled in the vibrant and highly sought-after Federal Hill neighborhood, this home perfectly blends classic architectural charm with modern updates, offering a one-of-a-kind living experience. The main living area is filled with natural light, pine hardwood floors, gas fireplace perfect for both cozy nights at home or hosting guests, with an inviting living room flowing seamlessly into the dining room. The dining room is circular and real centerpiece for the heart of the home, including access to a main level powder room for guests. The dining room flows to tastefully appointed kitchen featuring modern cabinetry, quartz countertops, and stainless steel appliances. Step outside and enjoy the privacy of your own outdoor space, ideal for summer barbecues or morning coffee. The fenced-in patio provides the perfect urban oasis, offering peace and serenity amidst the buzz of city living. Upstairs you will find two floors featuring 4 generous sized bedrooms all with pine wood flooring and 2 full bathrooms both tastefully updated with modern features including tile surround showers, updated vanities, and stylish finishes. The full basement includes laundry and a great space for your imagination or just for storage. There are plenty of spaces to make this home personal for your needs. The rooftop deck is the ultimate in Baltimore city living with 360 degree views of the city from Federal Hill. Host parties along the skyline or just relax with sunsets over the city. A gazebo provides shade and a relaxing spot for warm summer evenings. You’ll enjoy the charm and character of a Federal Hill while embracing the modern upgrades that make everyday living easier and more comfortable. This is an exceptional opportunity to own a unique piece of Federal Hill history—don’t miss your chance to call this beautiful home your own. Just steps away from the harbor, Federal Hill Park, lively bars, restaurants, and shops of Federal Hill, this location offers the ultimate in urban convenience. Whether you’re exploring the Inner Harbor, catching a game at Camden Yards, or strolling through Riverside Park, everything you need is within easy reach.
Source: BRIGHT #MDBA2154066
Financials
Source: BRIGHT #MDBA2154066
Source: Public records
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%. 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.
Other resourcesWhat is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.