BRAND NEW ROOF with 50 year warranty! This stately brick-fronted Estate-Style 5,700 sf Colonial w/6-bedroom, 4.5 bath sits on a small knoll and features 360 degree views. Inside this smart home, the expansive interiors lend themselves to gracious living in a beautifully landscaped pastoral setting. Set back off the road, this petite pocket neighborhood (NO HOA) of elegant homes on large lots is surrounded by hundreds of acres of farmland. Perfect for a family that entertains or a multi-generational family, this home features, inside and out, multiple spaces to gather, multiple places for privacy, with plenty of flexible space that can be adapted to suit any set of needs at any given time. The interior of the home tastefully combines classical design elements with contemporary touches and blends the best of traditional dedicated rooms with open-space concept areas. 9’ ceilings, crown molding and hardwood floors throughout, tons of window, traditional ceiling medallions. Foyer opens on one side to a library/study/home office, and on the other side to a formal dining room; a gracious contemporary living room with traditional touches, such as the colonial detailing on the fireplace mantel and French doors opening to more outdoor living spaces. Open concept Kitchen/Breakfast Room/Sunroom captures abundant east and south natural light. Nicely sized island, granite counters, stainless steel appliances, plus cherry cabinets with BOTH undermount and overmount lighting! Main level mudroom to the 2-car garage – yes, with the indoor charging station. Massive main-level primary suite gets morning light from oversized windows and opens to a deck. Ensuite has jetted soaking tub, separate shower, separate sink vanities and a makeup vanity – and of course an ample-sized walk-in closet. Upstairs is a junior suite (bedroom with walk-in closet and a private bathroom), two bedrooms (with walk-ins) joined by Jack-and-Jill bath, and then a large, finished room with smaller interior room that is open to interpretation. Bedroom? Family Room? Home office? Home schooling? Convert to a second master suite? Meanwhile, 1,400 sf of lower level was upgraded and updated in 2019. The comfortable lounge/gathering room centers on sleek, contemporary, eco-friendly flush mount electric fireplace, with plenty of room for pool table and more. The high-design expansive bar could have been plucked out of an on-trend boutique hotel! All the right things are present: wine fridge, second drink fridge, sink, dishwasher and a combination microwave/convection oven. A nook is ready for a kegerator or full-size fridge. Plus, a full-size bedroom and an upscale European spa-style full bath. French doors open to yet another at-grade outdoor entertaining area. Entire lower level could easily be set-up for au pair or in-laws Gardens are extensive and every week something new is blooming or sprouting, so photos cannot do justice to the grounds. Gardens include flowers, vegetables, herbs - not to mention raspberry, blackberry and blueberry shrubs-dream for those who love to can! Gardens are chemical free for last 10 years. Additional outdoor living spaces on all sides of home: Spacious brick front porch promises magical sunsets; Lunch under the wisteria draped pergola; Cocktails while grilling; Built-in fire pit for star gazing, and more! Smart recessed lighting throughout, remote controlled for brightness and type of light (daylight, reading, etc.). Smart thermostats. Ring Cameras. GloFiber optic has been laid and has been promised to be available soon! Meanwhile, sellers rave about Starlink's service & reliability. LOCATION: Minutes from numerous wineries, breweries and farm markets. Reasonable commute times to Frederick, Baltimore, Fort Meade, Fort Detrick, the 270-Biotech Corridor, Columbia, Ellicott City and Westminster.
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.
