Discover your perfect retreat in the heart of Mechanicsville where comfort convenience, and outdoor adventure meet! This well maintained home sits on just over an acre in the Golden Beach Community offering private beaches, boat ramps, and endless opportunities for crabbing, fishing, swimming, and boating. Inviting living room with gleaming hardwood floors. Kitchen with separate dining area to create a seamless, airy feel. Primary suite with recently renovated Bath. Partially finished lower level featuring a 4th bedroom, large family room with brick hearth & pellet stove, laundry area, and rough-in for a full bath. Walk-out sliding doors to a large backyard with mature trees, a creek, plenty of space for family gatherings, gardening, or take in the quiet beauty of nature. A home with room to grow, and a canvas to make your own mark. Ideal location for commuters and those seeking a peaceful, scenic lifestyle. Seller is also offering a HSA Home Warranty Top attractions nearby Maryland International Raceway, Family fun at Forrest Hall Farm & Orchard, featuring a corn maze, hayrides, and a country store. Other highlights include the Three Notch Trail for hiking/biking, Southern Trail Distillery, and local, fresh produce at The Barns at New Market For Commuters You have choices You can drive or Let someone else do the driving: Golden Beach Park & Ride: This dedicated facility is located within approximately 3 miles of the subdivision on Golden Beach Road. St. Mary’s Transit System (STS): Offers local bus service throughout the county. As of 2026, all STS fixed-route and paratransit services are fare-free MTA Commuter Bus Route 715: Offers direct weekday express service from the Golden Beach Park & Ride to downtown Washington, D.C., with morning departures starting at 4:20 AM. MTA Commuter Bus Route 735: Connects the Golden Beach Park & Ride to the Suitland Metro Station and various stops in Washington, D.C.. MTA Commuter Bus Route 725: Provides additional commuter options from the Golden Beach lot.
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.
