Set on over an acre in one of Bowie's most coveted communities, this 5,400+ square-foot brick-front estate delivers the rare combination of everyday comfort and true entertainer's luxury. The showstopper is a fully reimagined backyard — a $280,000 transformation completed in 2021 that turned the grounds into a private resort. The project included a stunning pool, an expansive pool patio, a private basketball court, two generous decks, and a double fence enclosing both the pool and yard for added privacy and peace of mind. Inside, hardwood floors run throughout, anchoring a layout designed for both grand gatherings and quiet mornings. The kitchen features granite countertops and flows naturally into the home's living spaces, while a generous sunroom offers the perfect spot to gather through every season. A main-level bedroom adds flexibility for guests, a home office, or multigenerational living. Upstairs, the primary suite is a true five-star retreat — two oversized walk-in closets and a recently updated spa-inspired bath with a soaking tub and elevated finishes designed for genuine relaxation. The walkout basement is an entertainer's dream in its own right: a home theater, two fireplaces, and a full wet bar create a destination space the whole household will gravitate toward. Major systems have been thoughtfully maintained, with a newer HVAC system (within the past 2 years), a 2024 gas water heater, and a roof installed in 2016. The two-car garage and asphalt driveway accommodate up to 10 vehicles — ideal for hosting. Located in the Woodmore community with country club amenities nearby, and just minutes from Woodmore Towne Centre, Bowie Town Center, top-rated dining, and major commuter routes. A rare opportunity to own a private oasis in a location that truly has it all.
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.
