Welcome to 18123 Homeland Drive in Williamsburg Village, one of Olney, Maryland's most desirable townhome communities. This beautifully maintained 3-bedroom, 3 full and 1 half bath townhome offers the perfect combination of modern updates, flexible living space, and an unbeatable location in Montgomery County. The thoughtfully designed floor plan features two spacious primary suites on the upper level, each with its own private en-suite bath, making it ideal for multigenerational living, roommates, guests, or those seeking additional privacy. The lower level includes a third bedroom or private home office, creating the flexibility today's buyers are looking for. One of this home's greatest values is the more than $68,000 invested in improvements within the past five years. For starters, many of the major mechanical systems have already been updated, including a high-efficiency HVAC system, tankless water heater, upgraded electrical panel with whole-house surge protection, and numerous additional improvements that help reduce future maintenance costs and provide peace of mind. These significant investments allow the next owner to move in with confidence while adding their own cosmetic touches over time. Natural light fills the living spaces, creating a warm and welcoming atmosphere throughout. Whether you're entertaining friends, working from home, or simply enjoying a quiet evening, this home offers the comfort, functionality, and flexibility to fit today's lifestyle. Location is everything, and Williamsburg Village places you in the heart of Olney. Enjoy convenient access to shopping, restaurants, coffee shops, grocery stores, parks, recreation, the Olney Theatre Center, the new Olney Library, and community events—all just minutes from your front door. Commuters will also appreciate easy access to major routes connecting Montgomery County, Washington, D.C., and surrounding areas. If you're searching for a move-in ready townhome in Olney, MD, a home with major system updates, dual primary suites, and the opportunity to personalize the finishing touches, 18123 Homeland Drive offers exceptional value in one of Montgomery County's most sought-after communities. Don't miss your opportunity to own this beautifully maintained Williamsburg Village townhome where thoughtful improvements, flexible living, and an outstanding location come together to create the perfect place to call home. ***COMMUNITY POOL REQUIRES A MEMBERSHIP***
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.
