Discover an incredible opportunity to own this expansive brick-front colonial in the highly sought after Brooke Manor community. This luxurious home offers 5,310 finished square feet, 5+ bedrooms, 4.5 baths, and a side-load 3-car garage, all tucked away on a peaceful cul-de-sac in a neighborhood complete with sidewalks—perfect for morning walks and evening strolls. A lush, beautifully landscaped front entrance welcomes you, with a charming sidewalk leading from the driveway to the front door. Inside, you’ll find new wide-plank hardwood floors, a beautifully renovated gourmet kitchen, and a lavish primary suite designed for ultimate comfort. The kitchen opens into an impressive family room featuring a soaring cathedral ceiling, stylish shiplap accent wall, and convenient secondary stairway access from the rear of the home, creating a dramatic yet inviting gathering space. Sunlight fills every room thanks to the home’s abundant windows, making each space bright, open, and welcoming. Step outside to a beautiful backyard oasis complete with a spacious patio surrounded by a stately brick wall and a large firepit—an ideal setting for outdoor entertaining or quiet evenings under the stars. The breakfast room offers direct access to this patio blending indoor and outdoor living effortlessly. The fully finished walk-up lower-level recreation area is an entertainer’s dream—featuring a pool table, wet bar with refrigerator, putting holes to sharpen your golf game, plus a walk-in storage room and an additional large storage closet, providing exceptional organization and flexibility. Brooke Manor offers an exceptional residential lifestyle with a community swimming pool, tennis courts, playgrounds, walking paths, and open green spaces. Located near Olney and directly across from Olney Manor Park, offering an indoor pool, tennis courts, baseball fields, basketball courts, a dog park, and a scenic pond, the neighborhood provides easy access to the ICC, nearby golf courses, and downtown Washington, D.C., combining convenience with established, high quality suburban living. This is a rare chance to own a truly stunning home in one of the area’s most desirable neighborhoods.
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.
