Some homes simply check the boxes. This one goes beyond. Welcome to this beautifully remodeled 4-bedroom, 2.5-bath Colonial, ideally situated on a quiet cul-de-sac in the heart of Crofton. Thoughtfully updated throughout and surrounded by mature landscaping and preserved parkland, this home offers warmth, character, versatility, and a peaceful setting. A charming covered front porch welcomes you into an inviting foyer, where beautiful luxury vinyl plank flooring continues throughout both levels. A stylishly remodeled powder room sits just off the entry, while the main level offers multiple living spaces designed to adapt to the way you live. At the heart of the home is a beautifully appointed kitchen featuring warm wood cabinetry, quartz countertops, marble backsplash, farmhouse sink, stainless steel appliances, upgraded fixtures, a custom center island, pantry, and dedicated coffee bar accented by a custom wall-mounted wood shelf. Open to the dining room, the space flows easily for everyday living and entertaining. Just beyond is a welcoming living room with one of the home's two decorative fireplaces, either of which could potentially be converted to gas or electric. A second flexible living area offers space for a family room, home office, playroom, or studio and opens through sliding glass doors to the rear patio and yard. All of the interior doors have been replaced with solid wood doors. A convenient main-level laundry room with a nearly new washer and dryer connects to the oversized two-car garage, which includes automatic door openers and additional space for storage, hobbies, or a small workshop. HVAC and water heater located in the utility area are about 8 years old. Upstairs are four generously sized bedrooms, two tastefully remodeled full baths, and luxury vinyl plank flooring throughout. The spacious primary bedroom includes an ensuite bath, while an exceptionally large guest room features the home's second fireplace and pull-down attic access. Outside, mature shade trees help keep the paver patio and rear yard cooler on warm summer evenings, while the west-facing backyard offers beautiful sunset views. The fully fenced rear and side yards feature a six-foot board-on-board privacy fence and gated access beside the garage. Across the cul-de-sac, preserved parkland creates a peaceful natural backdrop where songbirds, squirrels, and the occasional fox or deer are frequent visitors. Mature plantings provide seasonal color throughout the year, including climbing roses, dogwood, azaleas, forsythia, hydrangeas, iris, lilies, and more. The home's classic exterior combines red brick, crisp white siding, black shutters, and a charming covered porch. Best of all, the location offers the tranquility of cul-de-sac living while remaining within walking distance of Crofton schools and the Crofton Library, with parks, shopping, dining, recreation, and major commuter routes all conveniently nearby. Beautifully remodeled, exceptionally versatile, and surrounded by nature, this is a home that truly goes beyond simply checking the boxes.
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.
