Welcome to 2430 Steamboat Way, a beautifully crafted practically new construction home located in James Run Carriage Homes community in Bel Air. Built in 2023, the residence offers a blend of timeless design, modern finishes, and everyday functionality, all within a well maintained neighborhood designed for easy living. Inside, the home offers approximately 2,480 square feet of thoughtfully designed living space with 4 spacious bedrooms, 3 full bathrooms, and one half bath. A welcoming entrance way opens to gleaming floors that flow throughout the open concept main level, creating an inviting feel. The dining area connects to the eat in kitchen, where an oversized island with breakfast bar seating, white cabinetry, stainless steel appliances, and classic tile backsplash make the space both stylish and highly functional for daily living or entertaining. The main level continues with a bright and spacious living room filled with natural light and direct access to the outdoor space. The primary suite, conveniently located on the main level, features a tray ceiling, walk in closet, and a spa inspired bathroom featuring a dual sink vanity and elegant finishes. Upstairs, two additional bedrooms provide comfortable accommodations for others, along with a versatile bonus room that works perfectly as a home office, playroom, or flex space. A full bathroom completes the upper level. The finished lower level expands the home even further with a large recreation room ideal for entertaining or relaxing, an additional room off of the main recreation room, and a third full bathroom, creating options for guests or space for an in-law suite as the lower level has its own private entrance and exit. Outside, a covered deck overlooks trees and lush greenery, offering a peaceful setting for morning coffee, evening gatherings, or weekend relaxation. This home offers the benefits of lower immediate maintenance and modern construction standards. Located within Harford County, residents enjoy access to shopping, dining, recreation, and a strong community atmosphere, along with easy access to major routes for commuting. The James Run Carriage Homes community adds long term value through maintained common areas and neighborhood consistency, enhancing your lifestyle and resale appeal. This is a rare opportunity to own a move in ready, newer construction home that combines space, style, and location in one exceptional package.
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.
