Private 3.98 Acre Retreat in Desirable Benedict Plantation, Hughesville MD Welcome home to this beautifully maintained property nestled on a private wooded 3.98 acre lot in the highly desirable Benedict Plantation subdivision. Surrounded by nature and offering plenty of space to relax and enjoy the outdoors, this home combines privacy, comfort, and thoughtful updates that today’s buyers will appreciate. Inside you will find 4 spacious bedrooms and 2.5 bathrooms, with brand new carpet throughout the upper level and beautifully updated bathrooms. The primary suite is truly a standout, featuring a luxurious bathroom with a huge walk in shower, double vanity, and a spacious walk in closet designed with comfort and convenience in mind. The upper level laundry area makes everyday living even easier with the washer and dryer conveniently located near the bedrooms. The main level offers an open and inviting floor plan that is perfect for both daily living and entertaining. The family room just off the kitchen is warm and welcoming, featuring a cozy wood burning stove, abundant natural light, and real wood flooring throughout the main level. Step outside from the kitchen onto the rear deck overlooking the private wooded backyard. The fully fenced yard is perfect for kids and pets to play safely while you enjoy the peaceful surroundings. With nearly 4 acres of land there is plenty of space to create your dream outdoor retreat. Imagine summer BBQs with friends, evenings around a firepit, or simply relaxing and enjoying the natural setting. The unfinished walkout basement offers fantastic potential with a bathroom rough in already in place, providing an excellent opportunity for a new owner to finish the space to fit their needs while adding instant equity. Additional features include an inviting front porch overlooking the private front yard, a 2 car garage, and extra parking with a turnaround already completed which makes coming and going easy for you and your guests. This beautifully cared for home in a wonderful location truly has it all. Space, privacy, updates, and room to grow. Schedule your private showing today. Homes like this do not last long.
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.
