Welcome to 2155 Otter Creek Circle | Hanover, MD 21076 Nestled in the distinguished Shipley Homestead community, this beautifully appointed 2021-built Enclave Model offers over 2,500 square feet of refined living in one of Hanover's most sought-after neighborhoods. Nearly new and move-in ready, this residence reflects the very best of contemporary construction with a timeless, classic sensibility. The bright, open floor plan flows naturally, inviting effortless living and gracious entertaining — a thoughtful design that balances everyday comfort with an elegance suited for hosting. At the heart of the home lies a distinguished chef's kitchen, appointed with high-end GE stainless steel appliances, a 5-burner gas range, generous counter space, and oversized center island. Beautiful quartz counters, and soft-close cabinetry with crown molding, and stylish backsplash add that elegant touch. Recessed lighting throughout casts a warm, refined ambiance, and the kitchen's open connection to the dining room makes every gathering feel both intimate and grand. LVP flooring throughout main level and basement adds beauty, durability, and effortless upkeep. Upstairs, the spacious primary suite offers a true retreat, complete with two generous walk-in closets. Upper-level laundry adds a welcome practicality to the home's well-considered layout, keeping daily life convenient and uncluttered. The fully finished walkout basement presents exceptional versatility — whether appointed as a guest suite, home office, recreation room, or media space, the possibilities are limited only by imagination. It opens directly to a fully fenced backyard, offering a private and serene outdoor sanctuary. Ideally situated just 3 miles from Fort Meade, with convenient access to I-95, I-295, and I-97, and only 9 miles from Baltimore-Washington International Airport, this address places Washington, DC (20 miles), Baltimore, and Annapolis within easy reach. Arundel Mills Mall and Arundel Village are less than 3 miles away for premier shopping and dining. Schedule your private showing 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.
