Tucked into the quiet Hollaway Estates community of Upper Marlboro, this charming three-level split offers a great blend of upgrades, outdoor space, and everyday convenience just outside of D.C. From the moment you arrive, you’ll appreciate the off-street parking. Inside, hardwood floors run throughout the home, and thoughtful storage solutions and built-in shelving help keep everything feeling organized and intentional. The main level features a comfortable living area that flows into the dining space, where a sliding glass door leads directly to the upper deck—perfect for morning coffee or casual dinners outside. Step down to the slate-tile patio with its crisp white pergola, creating a true outdoor room for dining, grilling, and entertaining. The backyard is quite large, sitting on approximately a quarter-acre lot, with plenty of space for play, a garden, or a firepit setup, plus a convenient side entrance that enhances the indoor–outdoor flow. Upstairs, you’ll find three bedrooms and a full hall bath. The spacious primary bedroom includes a large walk-in closet, and the two additional bedrooms work well for family, guests, or a home office. The lower level adds even more flexibility with a generous entertainment/rec area, an additional bedroom, a full bathroom, and a laundry closet—ideal for a guest suite, roommate, or extended living space. Hollaway Estates offers a peaceful residential feel while still being close to what you need. You’re a short drive to local parks such as Holloway Estates Park with its playgrounds, courts, and ball fields, everyday shopping, and major routes like MD-4 (Pennsylvania Avenue), which makes commuting into Washington, D.C. straightforward—about 20 miles to downtown. Easy access to Joint Base Andrews and other nearby employment hubs adds to the convenience, making this home a great option for anyone looking for space and comfort with a manageable commute.
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.
