Southern Maryland Countryside Stunner in the heart of Calvert County, MD! Exceptionally renovated, 3-level home with incredible, updated kitchen and bathrooms & a remarkable 20'x50' detached garage! This home showcases a circular driveway and is set upon a private property with a panoramic wooded backdrop in the coveted Scarborough Faire Neighborhood of Prince Frederick, MD! Welcome home to this beautifully updated residence tucked away on a picturesque, wooded acre in one of Prince Frederick’s most desirable neighborhoods. From the moment you arrive, you’ll appreciate the circular driveway that wraps around the property and extends to the attached two car garage as well as the spectacular detached 20′ × 50′ garage. The detached garage comes complete with 16-foot ceilings, a 14-foot-tall door, and full heating, cooling, and electrical service. This incredible space is ideal for car enthusiasts, boat or RV storage, or anyone in need of a fully equipped workshop. Two additional storage sheds provide even more flexibility. Enjoy the perfect blend of privacy and convenience, located just minutes from Prince Frederick Town Center, local schools, shopping, dining, and major commuter route 4. Step inside to a soaring two-story foyer filled with beautiful natural light. To the right, a versatile living room offers the perfect space for a home office, playroom, or sitting area. Continue through the hallway to the heart of the home, where you’ll find a stunning, fully renovated kitchen featuring elegant luxury vinyl plank flooring, custom cabinetry, double wall ovens, a French-door refrigerator with bottom pull-out freezer, dishwasher and microwave built into the island, a stainless steel single-bowl under mount sink, a beverage refrigerator, and a custom tile backsplash that adds just the right touch of style and sophistication. Just off the kitchen, a cozy breakfast nook offers the opportunity for a casual dining space, and to the right, the family room showcases a gorgeous gas fireplace with concrete surround and built-in shelving. This is a perfect gathering spot for family and friends. Also on the main level is a beautifully renovated powder room with custom lighting and stylish accent tile for a designer touch. There is direct access from the main living area to the 2-car attached garage with 30 amp and 50 amp RV hook-ups! Upstairs, you’ll find three spacious bedrooms, including a primary suite with a private, fully renovated bathroom and a spacious walk-in closet. The two secondary bedrooms share a beautifully updated hall bath, each space thoughtfully designed with modern fixtures and finishes. The fully finished basement offers additional living space with new luxury vinyl plank flooring and an enormous storage room that could easily be converted into a gym, media room, or hobby space. Don't miss the hidden closet behind the built-in bookshelf! The lower level also offers a double door, walk-out basement entry. Step outside to enjoy the back deck adorned with twinkling string lights, overlooking a private, wooded backyard that provides a peaceful and inviting retreat - perfect for relaxing evenings or weekend entertaining! Major updates include a new roof (2022), water softener (2022), water heater (2023), gas fireplace (2024), and HVAC system (2025), ensuring comfort and peace of mind for years to come. This exceptional property combines timeless charm, thoughtful renovations, and a stunning outdoor setting - a place where every detail has been carefully curated to create the perfect place to call home! Mark your calendars, this incredible home is coming soon! **FULL interior photos will be available soon!**
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.
