Nestled on a breathtaking 12+ acre picturesque setting just outside the town limits of La Plata, 10060 Harmony Hill offers the perfect blend of luxury, privacy, and convenience — all with NO HOA! A long private driveway welcomes you to this custom estate surrounded by mature trees, peaceful wooded views, abundant wildlife including deer, and a charming front pond that can accommodate koi fish. Approximately 9 acres are currently enrolled in a forestry program offering valuable tax benefits. The stunning stone front sets the tone for the exceptional craftsmanship found throughout this Contemporary style home. Designed with both everyday comfort and entertaining in mind, this expansive floor plan features multiple living and gathering spaces, including a dining room, all-season sunroom, and spacious living room with a stone electric fireplace, vaulted ceilings, crown moulding, and impressive 10-foot ceilings. Additional features include insulated windows, a whole home Nuvo music system, and a whole home Nutone intercom system. The gourmet kitchen is a chef’s dream, featuring premium stainless steel appliances including a Wolf gas range, Wolf double ovens, Sub-Zero refrigerator, and wine cooler — perfect for hosting unforgettable gatherings. The main level features three bedrooms, including two spacious suites offering exceptional flexibility for guest accommodations. The upper-level owner’s suite boasts two oversized walk-in closets, heated bathroom floors, a spa-inspired bath with soaking tub, and a flex space/home office complete with custom built-ins and abundant storage. Two expansive storage areas running the length of the home provide exceptional additional space. The finished lower level features an open recreation room, wood-burning stove, dryer outlet, rough-in/ejector pump for a future wet bar, an additional bedroom/flex space, full bath, and approximately 1,300 square feet of unfinished space ready to become a home theater, gym, or additional living area. Additional highlights include a whole house propane generator, oversized laundry room, shed, playground that conveys, and a 32x32 oversized detached garage complete with a movie screen and surround sound — ideal for car enthusiasts, hobbyists, entertaining, RVs, boats, or recreational vehicles. Enjoy the serenity of this private wooded retreat while remaining just minutes from University of Maryland Charles Regional Medical Center, shopping, dining, schools, local theater, marinas, the Potomac River, and convenient commuter routes to Washington, DC, Virginia, and nearby military bases. This extraordinary property is truly one-of-a-kind and a must-see!
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.
