Luxury 3-Level Townhome with 2.375% Assumable Mortgage in Metro Pointe An incredible opportunity awaits! Qualified buyers may be eligible to assume the seller's existing 2.375% mortgage, offering the potential for significant monthly savings compared to today's interest rates. Welcome to this beautifully appointed Perry Model townhome in the sought-after Metro Pointe community. This contemporary three-level residence offers 3 bedrooms, 2.5 bathrooms, a two-car garage, and designer finishes throughout, combining modern elegance with exceptional convenience. Elegant Main Level The open-concept main level features rich hardwood flooring throughout the living room, dining area, gourmet kitchen, and powder room. The spacious great room flows seamlessly into the chef-inspired kitchen, complete with: 42-inch designer cabinetry Granite countertops Oversized center island with seating Stone tile backsplash Stainless steel appliances Direct access to a private rear sundeck, perfect for entertaining or relaxing Luxurious Owner's Retreat Upstairs, the spacious owner's suite serves as a private sanctuary featuring a large walk-in closet and an elegant spa-inspired bathroom with dual vanities and an upgraded tiled shower. Two additional bedrooms offer abundant natural light, overhead lighting, and custom window shades. A conveniently located laundry area includes an Electrolux LuxCare front-loading washer and dryer. Additional Highlights Rear-entry two-car garage Hardwood flooring in the lower-level foyer Convenient powder room Contemporary finishes throughout Pet-friendly community (up to 20 lbs.) Residents pay water, gas, and electric Prime Commuter Location Perfectly positioned inside the Beltway, Metro Pointe offers unmatched convenience. Enjoy easy access to the Landover Metro Station (Orange Line), New Carrollton Station (Amtrak, MARC, and the future Purple Line), I-495, Route 50, the Baltimore-Washington Parkway, and downtown Washington, D.C. Shopping, dining, and entertainment are just minutes away at Woodmore Towne Centre, featuring Wegmans, Costco, JCPenney, Chipotle, Old Navy, and many additional retailers and restaurants. Sports and recreation enthusiasts will appreciate the close proximity to Northwest Stadium (formerly FedEx Field) and the Prince George's Sports & Learning Complex. This is more than just a home—it's a rare opportunity to enjoy luxury living while taking advantage of an exceptionally low 2.375% assumable mortgage. Contact us today to learn more about assumption qualifications and schedule your private tour.
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.
