Welcome to this beautifully maintained, sun-filled home in the highly desirable Seven Oaks community! Surrounded by mature trees and natural scenery, this spacious home offers a warm, inviting atmosphere with abundant natural light throughout. Enjoy picturesque views year-round—from vibrant spring blooms to peaceful snow-covered landscapes in the winter. Inside, you'll find 3 bedrooms with 3 full baths, and 1/2 bath, generous finished deck and living spaces designed for both everyday comfort and indoor/outdoor entertaining. The large kitchen features a large island, ample cabinetry, and storage, providing plenty of room for cooking, gathering, and organization. The fully finished basement with bedroom, full baths, and gas fireplace offers valuable additional living space that can be used as a recreation room, home office, fitness area, media room, or guest retreat. This move-in-ready home also includes major recent upgrades, including a newer roof, HVAC system, hot water heater, and full kitchen appliances—helping to significantly reduce future maintenance concerns and out-of-pocket expenses for the next owner. Located in a welcoming, diverse, and family-friendly neighborhood, residents enjoy a true sense of community with friendly long-term neighbors and outstanding amenities. A playground and walking paths are just a few minutes from the home, while Seven Oaks Elementary School is within walking distance. The community also features two clubhouses with rentable event spaces, swimming pools with a waterslide, and tennis courts, all included through the affordable HOA. Convenience is everywhere, with a daycare, grocery store, restaurants, ice cream shop, nail salons, and dental offices all nearby. Outdoor enthusiasts will appreciate the scenic walking and biking trails throughout the area, including the beautiful paved trail system connecting Seven Oaks and Falling Brook. Perfectly situated just minutes from Fort Meade the MARC train station, and MD-32 and I-295 interstates, this location provides easy access to Washington, D.C., Annapolis, Hanover, Baltimore, and the Northeast Corridor for commuters. Offering the perfect combination of space, comfort, convenience, community, and major home updates, this is more than just a house—it's a place where lasting memories are made.
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.
