Welcome to 1509 Jutewood Avenue — (seller help available) a solid all-brick home offering the space, flexibility, and setting today’s buyers are looking for. With 5 bedrooms and 2 full baths, this property provides room to spread out, work from home, host guests, or create separate living and recreation spaces across multiple levels. The main level offers classic charm, comfortable living space, and the lasting confidence of brick construction. The finished lower level expands the home’s functionality with additional bedroom space, a full bath, and flexible areas that can serve as a guest suite, recreation room, home office, gym, or media space. One of the standout features is the peaceful backyard setting. Tucked away with a sense of privacy, the rear yard offers a quiet escape from the pace of everyday life. Step outside to enjoy the newly refinished deck — perfect for morning coffee, evening cookouts, weekend gatherings, or simply relaxing in your own outdoor retreat. The location adds even more appeal. Set in the Landover/Hyattsville area, the home offers convenient access to Washington, D.C., commuter routes, shopping, Metro options, and a variety of nearby parks and recreation destinations. Enjoy being close to local green spaces, community parks, playgrounds, trails, and recreation facilities throughout the Cheverly, Landover, and Prince George’s County area. With its 5-bedroom layout, 2 full baths, all-brick construction, finished living space, private backyard, and newly refreshed outdoor deck, 1509 Jutewood Avenue is a rare opportunity for buyers seeking space, value, and convenience inside the Beltway. Lower level offers great potential rental income. Schedule your showing and come see the potential, comfort, and lifestyle this home has to offer.
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.
