Boasting 4 bedrooms (5 with basement bonus room), 4.5 baths and a 2-car oversized garage, welcome home to 14899 Michele Dr in The Warfields II, in Western Howard County. From the fantastic outdoor living space, complete with a saltwater pool, expansive paver patio, and covered patio, to the open floor plan inside, this home hits the perfect balance of private living and every entertainer’s dream. This brick-front Remington Model from NV Homes spans nearly 6,000 square feet and is the consummation of gorgeous form intersecting with outstanding function. Step into the breathtaking, two-story foyer that sets the tone for the home. Establishing a seamless flow, the foyer opens through a cased entry into a formal dining room boasting classic wainscoting and crown molding. The living room off the foyer provides a cozy retreat, appointed with crown molding, rich hardwood flooring, and large windows that bathe the space in natural light. The kitchen is a chef’s dream, presenting custom white perimeter cabinetry, a contrasting center island illuminated by modern black pendant lights, quartz counters, under-cabinet lighting, a convenient walk-in pantry, stainless-steel appliances, dual ovens, gas cooking, and breakfast bar seating. Enhanced by warm hardwood floors, it’s a culinary masterpiece offering functionality and luxury that elevates every cooking experience. The kitchen is beautifully framed by rustic wood pillars, seamlessly transitions into a vaulted, “sunroom-esque” breakfast area featuring an expansive wall of windows and French doors providing unobstructed views of the backyard pool and paver patio. This space flows effortlessly into a gorgeous family room boasting soaring cathedral ceilings and large stacked windows that bathe the room in natural light. Centered by a gas fireplace accented with a rustic wood mantel, the room is grounded with warmth and ambiance. Completing this main level is a half bath, a mudroom with built-in and a sink, a spacious, dedicated home office, providing a quiet setting for remote work. Retreat to the luxurious primary suite, an expansive oasis for ultimate relaxation. This gorgeous bedroom is anchored by a striking, custom blue board-and-batten accent wall that adds a sophisticated pop of color and architectural interest to the space. Elegant details elevate the room, including a deep tray ceiling finished with crisp crown molding, two expansive walk-in closets, and a recently renovated spa-like attached bath. The spa-like bath is anchored by a stunning, navy-and-white encaustic-style patterned floor tile that serves as a statement piece, beautifully balanced by crisp white tiled wainscoting surrounding the luxurious freestanding tub, anchored by two separate vanities. An additional bedroom on this level has its own attached bath, while two more sizable rooms share a convenient hall bath, providing both privacy and functionality. The lower level offers an impressive 2,066 square feet of expansive, versatile living space with tall ceilings and a direct walk-up exit to the backyard. This level offers a second home office/playroom with French doors, a bonus room or a fifth bedroom, and a large recreation room. A full bathroom, a stunning built-in bar equipped with a dishwasher, beverage refrigerator and microwave, a storage area, and a utility/laundry room ensure this level adapts effortlessly to your lifestyle. Step outside to a gorgeous outdoor sanctuary featuring a sprawling paver patio and custom pool. The pool boasts a luxurious waterfall and sun shelf/beach entry, complete with a spot for an umbrella, providing a shallow area to lounge and cool off. When you need a break from the sun, the spacious covered patio offers a comfortable, shaded retreat, making this backyard an absolute dream for everyday living and entertaining. Situated on a 1.27-acre lot, the grounds extend well past the pool enclosure to reveal vast stretches of open yard space, providing endless possibilities.
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.