PROFESSIONAL PHOTOS COMING SOON - Staging Friday July 10, Professionally cleaned Thursday July 9 Pride of ownership is unmistakable throughout this exceptional King’s Grant colonial, where thoughtful renovations, meticulous maintenance, and quality craftsmanship have created a home that’s truly move-in ready. Nestled in one of La Plata’s most sought-after communities, this beautifully updated residence offers the perfect balance of elegant living spaces, everyday comfort, and an outdoor retreat designed for making memories. Step outside to your own private backyard oasis featuring a sparkling inground pool, expansive stamped concrete patio, refreshed landscaping, and a covered screened porch with brick paver flooring and ceiling fan—the perfect setting for summer entertaining, weekend gatherings, or simply relaxing after a long day. Inside, beautiful bamboo flooring flows throughout the main level, where formal living and dining rooms provide timeless appeal. The heart of the home is the stunning kitchen, thoughtfully renovated in 2022 with custom soft-close cabinetry, granite countertops, stainless steel appliances, a coffee station, pantry, and abundant lighting. Open to both the breakfast area and the inviting family room with a gas fireplace, this space was designed for effortless everyday living and entertaining. Upstairs, retreat to the spacious primary suite featuring vaulted ceilings, room for a sitting area, dual closets with custom organizers, and a spa-inspired bathroom completely renovated in 2024. Beautiful ceramic tile, dual vanities with marble countertops, a soaking tub, and a custom walk-in shower with elegant marble accents create a luxurious space to begin and end each day. Three additional bedrooms and an updated full bath complete the upper level. The fully finished, partially daylight basement provides even more flexible living space with a large recreation room, bonus room perfect for a home office, gym, or hobby space, a refreshed full bathroom, and generous storage. Beyond its beautiful finishes, what truly sets this home apart is the care it has received over the years. Significant improvements—including a renovated kitchen and primary bath, newer roof, HVAC system, asphalt driveway, pool updates, and countless thoughtful enhancements—reflect a level of pride and maintenance that is increasingly difficult to find. This is more than a beautiful home—it’s one you can purchase with confidence.
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.
