Discover this exceptional luxury log home at 21142 Westerly Rd, Poolesville, MD, beautifully situated on 13.5 private acres in a highly desirable location. Offering 4 spacious bedrooms, 3 full bathrooms, and 1 half bath, this remarkable property blends rustic elegance, comfort, privacy, and timeless charm. As you approach the front of the home, you are welcomed by a large, spacious deck, perfect for relaxing, entertaining, and taking in the peaceful surroundings. Upon entering, you are greeted by a spacious family room featuring a real wood-burning fireplace that opens seamlessly to the kitchen, creating a warm and inviting atmosphere. The kitchen offers abundant space and is equipped with commercial-grade Viking stainless steel appliances, including a refrigerator and wall oven, along with a convenient electric cooktop. This luxurious custom-built home is thoughtfully designed for both everyday living and entertaining. Just beyond, you will find a living room with an additional fireplace, adding even more warmth and character to the home. The main level also features a separate bedroom with its own full bathroom, ideally situated for guests or multigenerational living. The laundry room is conveniently located on the main level and includes a sink and a fold-down ironing board for added functionality. Upstairs, you will find two additional bedrooms with beautiful sky views and a full bathroom located across the hallway. As you continue toward the primary suite, you are welcomed by an open ceiling and a stunning stone fireplace that rises from the living room below, creating a dramatic architectural focal point. The spacious primary suite offers a luxurious en-suite bathroom complete with a jetted Jacuzzi tub and a separate stand-up shower. The primary bedroom also features its own private deck, providing the perfect place to relax in the early morning or evening while admiring the scenic views with a cup of coffee or a late-night snack. The lower level features a huge family room with a real wood-burning fireplace, a half bath, and a private exit to the outdoors, offering excellent additional living and entertaining space. This level also has its own heating system and separate controls for added comfort and convenience. Surrounded by scenic natural beauty, the property includes a private pond and a long circular driveway, enhancing both the sense of arrival and the privacy of the setting. A detached 3-car garage with a workshop provides ample space for vehicles, storage, hobbies, or projects. Additional highlights include a brand-new roof and an all-electric geothermal heating system, offering efficiency and peace of mind. With expansive acreage, breathtaking sunset views, and exceptional craftsmanship throughout, this one-of-a-kind property offers the rare opportunity to enjoy luxury country living at its finest.
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.
