Welcome to 1905 Resting Ridge Lane, a beautifully maintained, move-in ready Colonial home in Prince Frederick with a rare level lot. This must-see property is situated within the desirable Simmons Ridge community and the highly rated Calvert County School District. It offers an exceptional value encompassing the perfect combination of space, privacy and location. The spacious home, built in 2015, offers 5 bedrooms, 3.5 bathrooms and more than 4,000 square feet of finished living space. It boasts a modern layout and well-designed floor plan ideal for everyday living, entertaining, and multigenerational flexibility. Step inside where you’ll be welcomed by a dramatic, two-story foyer. The main level of the home consists of a formal dining room, a living room with a cozy fireplace, a main-entry laundry room, and a half bath. Hardwood floors run throughout much of the main level. The heart of this level, and the home, is the kitchen. Here, you’ll find granite countertops, a tiled backsplash, a gas cooktop, stainless steel appliances and double wall ovens. A large center island, a pantry and abundant cabinet space provide plenty of storage. Continue upstairs to the spacious primary suite, a relaxing retreat with an expansive walk-in closet and a bathroom with double vanities, a soaking tub, and a walk-in shower with dual showerheads. You’ll also find three other generously sized bedrooms and another full bathroom. The finished basement consists of a walk-out and sliding doors that lead directly to the backyard patio and fire pit. This lower level features a large recreation or media room, a full bathroom, and a fifth bedroom. Outdoors, the home sits on an approximately one acre (0.92) level lot with abundant yard space, which backs to a wooded conservation area. The home is surrounded by privacy rarely found in neighborhood settings. The spacious deck (refinished Fall 2025), just off the kitchen, overlooks the back yard and offers the perfect space for outdoor dining, relaxing or entertaining. Other features of the home include a side-entry two-car garage, a tankless water heater and energy-efficient systems. The home also offers convenient access to Prince Frederick shopping centers and restaurants, as well as to: Route 4 (3 miles), Washington, D.C. (42 miles), a commuter lot (4 miles), Joint Base Andrews (37 miles), NAS Patuxent River (30 miles), and Coast Guard DHS Headquarters (42 miles). If you’re looking for a large home with a finished basement on almost one acre in Calvert County, or specifically in Prince Frederick, this home really is a must see.
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.
