***You can be HOME for the HOLIDAYS***OPEN HOUSE SAT Dec 6th 12-2***This BEAUTIFUL brick front HOME is tucked away on a quiet, fenced half-acre that backs directly to the Montgomery County Agricultural Reserve; offering views of the Blue Ridge Mountains in the highly sought-after subdivision of Elizabeth’s Delight. Inside, you’ll enjoy three beautifully finished levels of living space. The main floor features a spacious home office, convenient laundry room, and a large center-island kitchen and breakfast area that opens seamlessly to the family room with a charming brick wood-burning fireplace. as you step out onto the screened porch through two French Door to expansive solid surface decking and a patio, perfect for morning coffee, evening dinners, or effortless entertaining. Upstairs, a stunning updated staircase leads to four oversized bedrooms (3 with walk-in closets), a updated hall bath, and a private primary en-suite. The suite includes its own private office/den, an impressive walk-in closet, and a four-piece en-suite bathroom with separate toilet closet. The fully finished lower level is an entertainer’s paradise, boasting a dedicated theater room, a wrap-around bar, a full bath, and a spacious media room with a cozy gas fireplace—ideal for movie nights, game day gatherings. Nestled on a quiet cul-de-sac, the home offers exceptional privacy and a backyard designed for fun and relaxation. The location couldn’t be better; walk to restaurants, shops, parks and top-rated schools. The brand-new, state-of-the-art Poolesville High School is ranked the #1 high school in Maryland, and Poolesville’s parks are truly second to none! This home has it all: views, space, upgrades, convenience and a community you’ll love. Come see why life in Poolesville is so special! Estimated Mont. Co. Taxes $7,660 Call for a Private Personal Tour! UPGRADES and FEATURES 2025 Professionally painted interior (Main Office, Foyer, Powder room, Family Room, Living & Dining Rooms and Kitchen) 2021 NEW Windows 2020 NEW HVAC 2019 NEW Hot Water Heater 2018 Fencing 2010 Finished Basement (Full Bath, Wrap around Bar, Gas Fireplace) 2010 Hardwoods main level 2010 Slate Floors in the Kitchen Brick Front Sun Porch and Decking Quiet Cul-de-sac Backs to the Mont. Co. Agricultural Reserve
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.
