Beautifully updated split-foyer single-family home in desirable Clark Heights offering approximately 1,926 square feet of finished living space with 4 bedrooms and 2 full baths. Thoughtfully improved throughout, this home features refinished hardwood floors across the main level, an updated full bath with new vanity, lighting, mirrors, and a stunning remodeled kitchen showcasing white cabinetry, white quartz countertops, black hardware, three-piece stainless steel appliance package, a vintage butcher-block mobile island, and modern black light fixtures. The finished lower level includes a spacious fourth bedroom with a huge walk-in closet, a comfortable family room with a gas fireplace, a laundry/utility room with polished concrete flooring, and additional flexible living space perfect for a home office, gym, playroom, or hobby area. The lower-level full bath has been tastefully updated with a brand-new modern shower featuring stylish black hardware and contemporary finishes. From the Kitchen, step outside to the raised screened porch, where you'll enjoy peaceful views overlooking the private backyard retreat. The outdoor oasis features a 18' x 38' saltwater swimming pool with a newer AquaRite salt chlorinator, surrounded by 786 square feet of newly installed concrete patio and pool decking designed for exceptional outdoor entertaining and poolside lounging. Beyond the pool area, the backyard offers a level green space ideal for pets, outdoor games, and playtime, creating a versatile setting for recreation and relaxation. The property also features two fire pits, providing multiple gathering areas for enjoying evenings outdoors. This oversized, private yard backs directly to peaceful parkland. Additional exterior improvements include 91 feet of new pressure-treated wood fencing with a brand-new 6' x 4' gate, 33 feet of newly constructed L-shaped retaining walls with vertical concrete supports, and three storage sheds, including one with built-in electrical service, offering exceptional space for storage, hobbies, workshop use, or pool equipment. The home has enhanced energy efficiency with new blown fiberglass attic insulation rated at R-49 throughout. Conveniently located near Fort Meade, Odenton MARC station, major commuter routes, shopping, dining, and everyday amenities. Located within the attendance area for the new state-of-the-art Severn Run High School, a recently completed $140 million campus. This one is move-in ready and loaded with updates—schedule your private showing today!
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.
