GORGEOUS brick front colonial with 5,200+/- SF including THREE FULL BATHS ON THE TOP LEVEL! No need to add extra time onto your commute from this centrally located Lorin's Pride neighborhood, just off Rte 4 in Huntingtown! You'll love the large owner's en suite with a huge sitting room that could also serve as a nursery or a personal office space. Owner's bedroom has vaulted ceilings, spacious walk-in closet and a bath with a walk-in Tuscany tiled shower, soaking tub and double vanities. Upstairs you'll also find a full sized laundry room and three large bedrooms, INCLUDING A BEDROOM WITH A PRIVATE FULL BATH plus a 'Jack-and-Jill' full bath shared by the remaining two bedrooms. Kitchen has 42" custom maple cabinets, stainless steel appliances, including a 5-BURNER GAS COOKTOP & DOUBLE WALL OVENS! A generous island with granite countertops and pendant lights is perfect for entertaining. The focal point of the family room off the kitchen is a floor-to-ceiling stone fireplace (gas). Enjoy summertime grilling from the low maintenance composite deck, and store all your supplies in the underground storage beneath. Main level has plenty of room to gather-- or to spread out-- with a separate dining room, living room, half bath and a home office. The lower level is where the party's at, with a theatre room complete with projector and screen, a large rec room, and an existing waterline hookup (for a wet bar to be installed). Has a full bath and plenty of room in the unfinished storage area to easily add a 5th bedroom, if needed. Mechanicals have been updated; NEW DUAL ZONE HEATING & AIR HVAC SYSTEMS IN 2023, new hot water heater in 2025, new roof in 2019. Septic was pumped in 2024 and has new dual pumps and a new septic alarm system installed. Has a 2-car Garage with a new wifi garage door opener, plus a double wide paved driveway for extra parking. The .78 acre lot is beautifully landscaped and has a significant side yard that stretches to the corner of the street (to the grouped mailboxes). Home has been freshly painted and carpeted throughout! Located near top rated school system including Huntingtown High School. Near shopping, grocery stores, restaurants, hospital and movie theatre. Easy commute to Joint Base Andrews and Washington DC! *Is VA assumable.
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.
