Welcome to 23581 Gallent Fox Way, a beautifully maintained and thoughtfully upgraded home nestled in the heart of highly desirable Leonard’s Grant. Situated in one of Leonardtown’s most sought-after communities, this 4-bedroom, 3.5-bath 3,933 sq ft residence combines comfort, convenience, and a true sense of community living. Perfectly positioned directly across from the community pool and recreation center and adjacent to the neighborhood Green, this location offers stunning views and unmatched access to neighborhood amenities right outside your front door. Step inside to find a warm, inviting layout enhanced by a recently renovated kitchen featuring modern finishes, ample cabinetry, and a spacious center island ideal for cooking, gathering, and entertaining. The kitchen flows seamlessly into the bright, open living and dining spaces, creating the perfect environment for everyday living. Upstairs, the home boasts generously sized bedrooms including a convenient Jack & Jill bathroom designed for shared use while maintaining privacy. The luxurious primary suite is a peaceful retreat with a spacious layout and a spa-inspired ensuite that showcases the signature QBH upgraded shower, an exceptional highlight providing a truly relaxing experience. The fully finished basement expands your living space and offers endless possibilities, featuring a full bathroom, additional bedroom, and walk-up access to the backyard. Movie and game nights become unforgettable with the included projector and built-in sound system, creating a true home theater experience. Outdoor living is an absolute dream in the fenced backyard, complete with a beautifully designed paver patio, built-in fire pit, and an awning for shade and comfort, perfect for quiet evenings at home or hosting friends and family. Leonard’s Grant is known for its friendly atmosphere, community amenities, and prime location just minutes from top-rated schools, Historic Downtown Leonardtown, restaurants, shopping, and Pax River NAS. Enjoy miles of sidewalks, playgrounds, sports courts, fields, and seasonal community events that bring neighbors together. This exceptional property offers the full package, modern upgrades, a functional layout, community lifestyle, and a premium location. Come experience why Leonard’s Grant is one of Southern Maryland’s premier places to call 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.
