Some homes check boxes. THIS one redefines them. Tucked away on 2+ acres in the Dellabrooke Forest neighborhood of Brookeville MD, this home features 4 bedrooms + bonus room, 3 full baths, 1 half bath and a walkout basement. Not only is this home PERFECT for entertaining and elevated living, it offers the space, infrastructure, and intelligent systems that active buyers and serious hobbyists rarely find under one roof! THE HOME: The chef's kitchen is the functional heart of the main level featuring granite countertops, stainless appliances, stone flooring, 42" cabinets, double wall oven, two sinks including a filtered water station, and under-cabinet lighting throughout. The sunroom is a genuine showstopper! The updated mudroom includes a dedicated pet washing station, and smart lighting runs throughout the entire home. A whole-house generator hookup is already in place and yes, the volleyball net conveys! INVISIBLE features you need to know about: A $56k investment in WaterFurnace geothermal technology with Alexa-enabled Symphony app (2020) sets this home apart. With vertical ground loop installation by Connelly Geothermal, you’ll enjoy 40-70% lower utility bills and "Gold Standard" climate control that exceeds Energy Star ratings. And since this home has geothermal, you’ll be inheriting the quarterly GREC payments! Newer 2020 blown in eco friendly R20 insulation, newer 2020 well pump, new 2025 workshop roof, 2016 house and shed roof. Invisible Fence covering the entire 2+ acre property to allow pets to roam freely. 2026 - Brand new internet connected water heater! THE WORKSHOP: This massive two-story climate-controlled workshop boasts 11.75’ ceilings, two oversized garage doors, a 200-amp service, multiple 220V drops, a Tesla EV charger, and a compressed air system. It includes a 60-gallon air compressor, LED lighting, and built-in shelving. A 30-amp RV hookup and a 50-foot parking pad support RVs or trailers. Perfect for woodworkers, car enthusiasts and hobbyists of all kinds. The loft offers future conversion potential for a studio or office. EQUESTRIANS: Up to two horses are allowed on this property! THE NEIGHBORHOOD: There is a lot to love about the Dellabrooke Forest neighborhood. The Rachel Carson Natural Surface Trail runs steps from the property - a dedicated hiking and equestrian trail that ends near James Creek stream, making it a seamless extension of the outdoor lifestyle this property is built for. Downtown Olney is minutes away, bringing a full range of dining, services, and everyday conveniences. The Manor at Silo Falls, Brighton Dam Azalea Garden and Patuxent River State Park round out an outdoor lifestyle that most neighborhoods simply can't match. 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.
