Large multigenerational home on over 3 private wooded acres with lake access in the sought-after Lake Jameson community. This freshly painted custom-built home (2005) offers over 6,905 square feet, 5 bedrooms, 5.5 bathrooms, and a three-car garage. Designed with flexibility and space in mind, this home features a bright, open floor plan with a dramatic den showcasing 19-foot ceilings, a home office, formal dining room, gas fireplace, and walk-out access to a screened-in porch and deck. The spacious kitchen is ideal for entertaining and everyday living, offering a large walk-in pantry, oversized island, two sinks, coffee/wine bar, and stainless steel appliances. A large mudroom with washer/dryer and private side entrance adds convenience. A standout feature is the main-level handicap-accessible bedroom and full bathroom, providing an ideal setup for multigenerational living, in-law accommodations, aging in place, or long-term guests. The upper level offers four bedrooms and a versatile loft area. The expansive primary suite features tray ceilings, a spa-like bathroom with oversized dual-head shower, and an exceptionally large walk-in closet rarely found in homes of this size. The finished walk-out basement provides outstanding additional living space, including large recreation areas, private multimedia room, full bathroom, flex room (currently used as a 6th bedroom), kitchenette, and extensive storage. Enjoy the privacy of over 3 wooded acres with abundant outdoor space, including a backyard fire pit — perfect for relaxing or entertaining. Additional highlights include a backup generator for peace of mind. Lake Jameson is a private, pet-friendly lake community known for its wooded lake, scenic trails, and natural surroundings. Convenient commuter location with access to Routes 5, 301, and 231. Ideally positioned for military relocation with proximity to Joint Base Andrews, Pax River Naval Air Station, and Coast Guard Headquarters. Homes in Lake Jameson are rarely available. Schedule your 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.
