Iconic Deck Home in Pendennis Mount with views of the Severn River. This remarkable mid-century modern home has been meticulously renovated from top to bottom—and the result is something truly special. Dramatic post-and-beam construction, cathedral ceilings, and walls of glass flood the home with natural light and connect every room to the outdoors, while the open floor plan makes it as livable as it is stunning. A perfect place to enjoy views of the Naval Academy, the Blue Angels, and fireworks! Every inch has been thoughtfully upgraded with designer-selected finishes, Restoration Hardware lighting throughout, Roman clay paint in the primary bedroom, and custom California Closets in every room. The magazine-featured chef's kitchen is the heart of it all—completely reimagined with quartz countertops, a custom breakfast nook, and a beautiful walnut built-in corner dining bench. Hardwood floors flow through the open main level, anchored by custom walnut built-in shelving in the living room and a study with custom built-in cabinetry. One of the home's most charming surprises is a beautiful sitting room off the primary suite—ideal for working from home with a view—with a secret door hidden in the bookshelves that leads directly to the bedroom. The main level primary suite itself is a true retreat, finished with a beautifully designer-renovated bath (with Restoration Hardware vanity). New HVAC units (2025), new windows and sliding glass doors, and Hunter Douglas motorized shades complete the picture. The finished lower level is more than just extra space—it’s a home within a home. A second family room with walk-out access to the rear yard anchors the level, joined by three bedrooms and a newly created room that works beautifully as a fifth bedroom or a second private home office. Whether it’s a quiet workspace, a guest suite, or a hangout for the kids, the lower level has the flexibility to grow with you The owners spared no expense on the outdoor spaces—and with over 18,000 square feet, a flat rear yard, and beautifully designed areas front and back, this is rare for the area. Out front, a new flagstone entry patio (2021) sets a beautiful tone of arrival, with a firepit and ample seating. Out back, there is a stunning IPE deck with built-in storage, a new concrete patio and professional landscaping make every day feel like a weekend. An irrigation system keeps everything looking its best year-round. Living in Pendennis Mount means having it all right at your fingertips. Water access to the Severn River is just steps away, right next to the beloved Severn Inn Restaurant. Stroll to the B&A Trail for a morning run with views of the WWII Memorial, the Route 450 bridge, and the Naval Academy. A quick walk brings you to all of downtown Annapolis—shops, restaurants, and the waterfront. Minutes from Jonas Green State Park, Navy Stadium, Naval Academy Golf Club, and more, this community puts the best of Annapolis right at your doorstep. Served by the highly regarded Broadneck school district. Come make this your new 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.
