** Open Saturday and Sunday 12 -2pm ** Welcome to 1801 Springvale Court in Accokeek, MD — a truly exceptional estate set on over 5 private acres within the scenic Piscataway National Forest. Located in the distinguished Jamestowne Estates community, this expansive all-brick residence offers 6 bedrooms and 3.5 bathrooms, thoughtfully designed for both comfortable living and elegant entertaining. The home features beautiful hardwood floors, a gourmet kitchen with granite countertops, gas cooking, and multiple living spaces including formal living and dining room, a sunroom, and three fireplaces. The main level perfect for guests or multi-generational living with a room that can be used as an office / zoom room, a full bathroom and laundry. Enjoy the perfect blend of convenience and tranquility—just a short drive to Washington, DC, Northern Virginia, Waldorf, and National Harbor, yet tucked away in one of the area's most unique and private enclaves. The property is ideal for those seeking space and versatility, there is room for horses, chickens, and outdoor cooking. A detached structure—previously used as a recording studio—includes a private entrance, sleeping area, and full bathroom, offering excellent potential for a guest suite, home office, or creative space. Additional highlights include a two-car attached garage, enclosed sunroom currently used as an office, expansive deck, outdoor kitchen, solar panels, and a long private driveway. This one-of-a-kind property offers privacy, flexibility, and endless possibilities—schedule your private tour 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.
