OLD WORLD CHARM AND MODERN CONVENIENCE MERGE BEAUTIFULLY at this truly one-of-a-kind farm property. This enchanting 24 (+) acre retreat offers endless opportunities -- a peaceful country lifestyle conveniently located in rural Washington County, MD near Williamsport and the Conococheague Creek. The beautifully updated and maintained 3 bedroom, 2.5 bath Cape Cod dwelling, with nearly 3000 finished sq. ft, showcases solid 2x6 construction, spacious rooms, and remarkable architectural details including antique fireplace mantles, hand-hewn barn beams, a rustic banister, and two fireplaces (one wood burning and one propane). Thoughtful updates such as a geothermal HVAC system, renovated kitchen and baths, updated flooring, and a 50-year metal roof, bring comfort and sustainability together in perfect balance. From the over-sized 2 car garage (complete with EV Charging Station) you'll enter the open concept main level which includes mudroom, kitchen, dining room (which opens to a balcony overlooking gently rolling pastures and mountain views), great room with fireplace, formal living room, half bath & laundry, and primary bedroom with walk-in closet and full bath; on the upper level are 2 large bedrooms and 2nd full bath. The lower level features a walk out ground level family room with brick propane fireplace with antique mantle, and a stunning handmade bar created from one of the barn beams. Adjoining the family room is an exercise room with rubber floor and recessed lighting and a large utility/storage room. The historic bank barn (circa 1880-1910), recently updated with electricity and Wi-Fi, is fully functional for animals and ideal for memorable gatherings and events. The land blends pasture, woods, and open spaces suitable for gardens, additional entertaining areas, horses, livestock -- or even a Christmas tree farm. Nature and wildlife lovers will delight in the whitetail deer and turkeys that wander through the meadows. The 15-acre pasture currently yields orchard grass hay and includes a fenced 1-acre section with two east-facing Amish-built run-in sheds (one with electric, water, and a tack room) plus a chicken coop--turnkey ready for your animals. Completing this serene setting is a separate art studio/workshop/storage building, with loft, perfect for creative or entrepreneurial pursuits. From peaceful country living to small-scale farming or event hosting -- this property truly offers endless possibilities. And as an extra bonus, if you love fishing you can walk (or golf cart) a short 1/4 mile to the Conococheague Creek. If you've always dreamed of owning an event destination...your dream can come true here where you can use the barn and the open field plus firepit area to host private or public gatherings such as weddings, farm dinners, or retreats...just minutes from commuter routes and 70 miles west of Washington, DC and Baltimore...yet worlds away from the hustle and bustle.
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.
