Welcome to 1838 Meridian Drive, a breathtaking 4-bedroom, 2.5-bath brick residence located in the highly sought-after Greenwich Park community. Designed for both elegance and convenience, this stately home offers true one-level living with an exceptional main-level primary suite. Step inside to find like-new hardwood flooring, tasteful trim details, and a glamorous two-story foyer that creates a stunning first impression. The main level also features a spacious formal room ideal for entertaining, along with a warm and inviting natural gas fireplace for cozy evenings at home. The large kitchen offers abundant cabinetry, workspace, and seamless access to the dining area—perfect for everyday living and gatherings. Upstairs, you’ll find generously sized bedrooms, including an oversized 4th bedroom with dual closets, currently set up as a recreation space with room for a pool table and additional furnishings—ideal for a game room, media space, or home office. Enjoy outdoor living on the custom-built patio featuring a windproof automatic retractable awning, creating a semi-private setting perfect for morning coffee or relaxing evenings. The oversized 20x21 2 car- garage is a standout, offering exceptional storage, organization features, and even a utility wash sink—perfect for hobbies or projects. Additional highlights include an electric dog fence, LED recessed lighting with dimmers on the main level, and abundant storage throughout. Major updates provide peace of mind: Roof (2024) with 50-year shingles, HVAC (2025), furnace (1 year old), dishwasher (5 years old), and stove (3 years old). Greenwich Park offers a truly low-maintenance lifestyle, with HOA services that include lawn care, snow removal (including sidewalks and driveways), access to a recreation center, annual exterior window cleaning (accessible windows), and seasonal weeding. Ideally located near Meritus Hospital, Robinwood Medical Complex, US-40, I-70, and I-81, and just minutes from Black Rock Golf Course, this home offers easy commuting to Frederick, Rockville, and BWI. This home perfectly blends luxury, convenience, and functionality—don’t miss your chance to make it yours! EXTRA BONUS-VA LOAN ASSUMPTION POSSIBLE with a below-market interest rate—an exceptional opportunity! Price reduced for a quick move, and the seller has already secured their next home.
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.
