Welcome to 15731 Smith Rd – a beautifully maintained 5-bedroom, 3 full bathroom property offering the perfect blend of comfort, space, and privacy. Nestled in a peaceful setting, this home delivers the tranquility of country living with convenient access to nearby amenities — all while enjoying picturesque mountain and farm views that create a stunning backdrop year-round. Inside, you’ll find a bright and inviting interior with an open, functional layout designed for both everyday living and entertaining. The den is a true highlight, featuring a dramatic cathedral ceiling that adds architectural character and an airy, spacious feel. Generous living areas are filled with natural light, creating a warm and welcoming atmosphere throughout. The kitchen offers ample cabinetry and workspace, ideal for meal prep and gathering with family and friends. With five bedrooms and three full bathrooms, there is plenty of room for family, guests, multigenerational living, or flexible work-from-home options. Enjoy peace of mind with a newer roof on both the house and the detached garage, providing long-term value and durability. The massive detached garage offers exceptional space for vehicles, equipment, tools, or workshop use. Above the garage, a versatile studio space adds incredible flexibility — perfect for a home office, creative studio, guest retreat, fitness room, or additional flex space tailored to your needs. The expansive property opens the door to incredible homesteading possibilities. With ample usable land, there’s room for gardens, a greenhouse, small livestock, orchards, or hobby farming. Imagine harvesting your own produce, enjoying fresh eggs, and embracing a more self-sufficient lifestyle — all while taking in the surrounding mountain and pastoral views. Additional thoughtful upgrades include newer HVAC systems (furnace and central air), luxury vinyl plank flooring in the kitchen, a newer water heater, and an upgraded stove/range and refrigerator. 15731 Smith Rd is a rare opportunity to own a property that seamlessly blends comfort, versatility, and country charm. Don’t miss your chance to make this exceptional property your own!
15731 Smith Rd, Thurmont, MD 21788
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.
