Tucked into the peaceful private community along Tow Path Lane, this rare find sits on a wide-open 3-acre lot where your lifestyle isn’t just accepted—it’s welcomed. This property offers space, privacy, and the freedom to enjoy the outdoors the way you choose. The main house features 3 roomy bedrooms and 2 full baths, with real hardwood floors running through the open-plan living areas and the primary suite. A screened porch out back gives you a quiet spot to unwind while overlooking your own backyard wildlife show. The oversized in-law suite brings serious flexibility. This apartment-like space includes its own kitchen, generous counter space, a full bath, and plenty of room to spread out—ideal for extended family, guests, or potential rental income. For car enthusiasts and hobbyists, the heated and cooled garage is a major bonus. Whether you’re working on a project or need a year-round workshop, the dedicated electric panel and utility sink make the space ready for just about anything. A dedicated theater room sets the stage for movie nights or game days, and an additional bonus area offers room for an office, extra family room, recreational space, or anything else your lifestyle calls for. When you're ready to unwind or explore, enjoy nearby local gems like the scenic C&O Canal Trail, Antietam National Battlefield, Burnside Bridge, Crystal Grottoes Caverns, or Antietam Creek Vineyards. You’re not just buying a home—you’re claiming the space to live exactly the way you want.
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.
