MOTIVATED SELLER---NEW PRICE--JUST REDUCED $10,000-NOW UNDER $380K! EXCEPTIONAL VALUE!!!----MOVE IN READY---HURRY---- SELLER WILL RATIFY A FULL PRICE OFFER IMMEDIATELY---APPRAISAL CONTINGENCY WILL BE ACCEPTED--- SELLER WILL REVIEW ALL REASONABLE OFFERS--- STOP LOOKING!!!! The seller is motivated and ready for their next chapter, leading to a significant price adjustment. If you've been looking for the perfect blend of space and location in Bowie, your opportunity ha arrived. Now offered at a compelling new price point, 14902 London Lane represents the best value in Bowie. LOCATION-LOCATION-LOCATION---Welcome to London Lane a beautifully refreshed 2-level town home offering space, modern updates, and unbeatable proximity to Bowie’s best amenities. With fresh paint, new carpet, and a fenced yard, this home is move-in ready and waiting for its owner. Property Features • 2 spacious levels of functional living space • 3 bedrooms, 2.5 bathrooms designed for comfort and convenience • Freshly painted interior and brand-new carpet throughout • In-unit washer and dryer • Bright living and dining areas with natural flow • Open kitchen, New cabinets and breakfast area Outdoor Appeal Enjoy your own fenced backyard—perfect for hosting gatherings, relaxing after a long day, or providing a secure space for pets. As part of a well-maintained community, the property also offers both assigned parking and ample street parking, making guest visits and daily routines easy. Location & Lifestyle Location, location—EASY access to major highways and commuter routes. Bowie delivers. Ideally positioned near Route 50, the Capital Beltway, and just a short drive to Annapolis, Northern Virginia and Washington, D.C., this home keeps you connected while offering a peaceful residential setting. Nearby highlights include: • Bowie Town Center – Shopping, dining, entertainment, and essential services • Allen Pond Park and Whitemarsh Park – Great for recreation, walking trails, and sports • Quick access to Metro stations and commuter bus routes • Minutes to local schools, grocery stores, and major employers A Smart Investment in Comfortable Living. Whether you're a first-time homebuyer, downsizing, or seeking a well-located rental property, 14902 London Ln offers a winning combination of updates, functionality, and location. Don’t miss the opportunity to secure a home in one of Prince George’s County’s most desirable areas—schedule your showing today. Truly a must see. Key turn ready. Schedule your private tour today--at this price, it won't last through the weekend.
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.
