Welcome to this stunning home in the Westerly Grove community of Poolesville. This home is a mere 3 minutes from the newly developed 30-million-dollar investment, the Crossvines Golf Course and Winery! Built in 2020 and thoughtfully designed for modern living, this exceptional property offers over 4,000 square feet of beautifully finished space with 5 bedrooms, 4.5 baths, and high-end upgrades throughout. The home immediately impresses with a bright office, custom dining room design, and an open-concept chef’s kitchen and morning room where every detail blends comfort and style. The spacious family room with a cozy fireplace flows seamlessly into the heart of the home, while a private study creates the perfect work-from-home setup. Upstairs, the luxurious owner’s suite features a spa-inspired bath and oversized walk-in closet. The finished lower level offers even more flexibility with a large recreation area, full bath, legal 5th bedroom, and abundant storage. This space could also become an additional au pair suite, with the potential to add a kitchenette or private apartment setup. Additional highlights include hardwood floors, quartz countertops, stainless steel appliances, smart home technology, an EV car charger, a 2-car garage, and a driveway that fits up to 6 cars. Poolesville is one of Montgomery County’s best-kept secrets. It is one of the few places that still feels intentionally preserved instead of endlessly developed, while also offering some of the top-rated schools in Maryland, including Poolesville High School, consistently ranked among the best in the state. Surrounded by the beauty of the Agricultural Reserve, this is small-town living at its best. Some of the owners’ favorite Poolesville activities are the Friday Commons events in the summertime. There are local festivals with beer tastings, food trucks, music, and kid-friendly activities. If you prefer something more active, enjoy hiking along the C&O Canal, visiting Sugarloaf Mountain, or spending time at Homestead Farm for year-round fruit picking, pumpkin patches, and petting zoos. There are also countless wineries nearby. There truly is something for everyone in Poolesville, Maryland. Come take a look and secure your dream home today!
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.
