Back on the Market w/PRICE REDUCTION – Motivated Seller: Are you READY TO MOVE? CLOSING HELP is available. Urgent Opportunity in Waldorf, MD! Don’t miss your chance to own a 4‑bedroom home for only $335,000! This is an incredible investment—especially for anyone handy or looking for a property with serious upside potential. Homes at this price don’t last, and this one will move fast, especially with such a motivated seller. Act now and submit your offer today This property comes with plenty OPEN PARKING for GUEST. This is a fantastic investment opportunity you don’t want to miss. This home is close to many shops and places to dine. This 3-level townhome features: 4 bedrooms | 3.5 bathrooms. It has a finished walk-out basement with full bath and private bedroom—perfect for rental income, in-law suite, or a home office. It has a step-down living room with hardwood floors, eat-in kitchen, deck, and fenced backyard. Just to mention...here are some recent updates (big ticket items already done): Roof (approx. 5 years old), Vinyl siding (approx. 3 years old), recent (July 2025) HVAC replaced, several windows replaced, new downspouts, etc. This property is being sold "AS-IS" giving buyers the flexibility to make cosmetic updates and maximize value. There's a playground within walking distance. This home conveys with 2 reserved spaces, directly in front of home. Prime Location: Easy access to Crain Highway and Indian Head Highway—minutes to shopping, dining, and commuter routes. Whether you’re an investor looking for cash flow and appreciation, or a savvy buyer ready to build equity with some TLC, this home is a solid deal!
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.
