Welcome to Highland and discover this magnificent property peacefully nestled in a beautiful rural setting minutes from the crossroads of convenient grocery, restaurants and services. Accessed by a private lane to paradise, this custom home is situated to embrace an impressive entrance and to frame a beautiful rear view of the property, barn, stable and fenced paddock. The full front porch wraps to the left porch gazebo and the main entrance welcomes to the 2-story foyer. 10 ft. ceilings on the main level; flanked by the formal DR and office onto the grand family room with full wall to wall built-in cabinetry and shelving framing the stone gas FP. Enjoy the wall of windows and appreciate the multiple accesses to the rear deck. The gourmet kitchen joins the FR with natural cherry cabinetry, granite counters, tile backsplash, generous curved island and breakfast bar, impressive chef's grade double ovens, gas cooktop, French door refrigerator w/freezer drawer, dishwasher, all in fashionable black stainless finish. Mud/laundry room with counter, sink and cabinetry for storage. Bedroom wing offers secondary main level suite with ensuite bath; separate vanities, w/c, soaking tub, walk-in shower and massive walk-in closet—perfect for multi-generational living. Access the second level via the main or rear staircase. The upper level reveals the main primary suite with sitting area, full bath with whirlpool tub, w/c, separate vanities and walk-in shower, additional massive walk-in closet complete with cabinetry. Both ensuite baths have heated floors, stone, granite or marble surfaces. Upper two additional bedrooms share a hall bath with double vanity, granite counters and tub/shower. Each bedroom is extremely generous with ample closet storage. Additionally, the upper-level great room provides opportunity for secondary office/homework station space and entertainment options; framed by two dormer windows and vaulted ceiling. The walk-out partial daylight LL with rough-in awaits your needs and vision. The property boasts an outstanding garden and home is framed by specimen quality trellis flowers that bloom throughout the growing season. Enjoy the personal orchard producing apricots, apples and peaches. Expansive Trex deck to enjoy the view of the 2-stall barn and paddock. The Amish built barn includes tack/hay and equipment storage, loft and tractor garage connected to electric and running water. Plus 2 stalls open to the L-shaped paddock with solid wood board PVC wrapped fencing. Schooley Mill Equestrian ring park nearby and trailer access to miles of trails in Maryland State Parks skirting Western Howard County. No HOA, ideal space for your favorite hobby, in-home business or farmette—horses, sheep, goats or chickens—everyone loves fresh eggs!! Hardwood floors and Andersen windows. River Hill HS, Lime Kiln MS and Dayton Oaks ES. Minutes to major commuting routes; central to Baltimore and DC markets with easy access to BWI. Welcome Home!!
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.
