Welcome to 3221 Watershed Boulevard, a beautifully appointed three-level townhome nestled in the sought-after Watershed community, where refined interiors, thoughtful upgrades, and resort-style amenities converge to create an exceptional lifestyle opportunity. From the moment you arrive, the home makes a striking first impression with its handsome brick water table, attractive vinyl and Hardie Plank-style exterior accents, elegant black iron railings, exterior lighting, private one-car driveway, and one-car garage, all set just moments from a charming community green space designed for gathering, games, fireside evenings, and outdoor enjoyment. Inside, sun-drenched living spaces unfold across a meticulously maintained interior enhanced by fresh paint, brand-new carpet, and luxury vinyl plank flooring. The welcoming foyer opens to a versatile entry-level bedroom complete with ceiling fan, window treatments, and access to a beautifully finished full bath featuring ceramic tile, tub/shower surround, cultured marble vanity, and convenient garage access—ideal for guests, multigenerational living, or a private office suite. Ascend to the main living level where the heart of the home reveals itself in a stunning gourmet kitchen designed for both daily living and entertaining, showcasing quartz countertops, 42-inch gray cabinetry with crown molding, convenient pull-out storage, stainless steel appliances, a gas range, vented microwave, upgraded refrigerator, oversized stainless sink with deep bins, and a massive pantry. Just beyond, the dining area opens to a Trex deck overlooking the beautifully maintained community space, creating the perfect backdrop for morning coffee or evening unwinding, while the spacious family room is framed by large windows, window treatments, and a ceiling fan for effortless comfort. The upper level offers a tranquil retreat, highlighted by an impressive owner’s suite with fresh paint, brand-new carpet, generous walk-in closet space, and a spa-inspired en-suite bath with quartz double vanity, ceramic tile, and an oversized walk-in shower. An additional upper-level bedroom enjoys its own attached full bath with ceramic tile, tub/shower combination, stylish vanity, and natural light, delivering comfort and privacy for family or guests alike. Modern convenience is woven throughout with an Ecobee smart thermostat, Ethernet pre-wiring and outlets in every bedroom and living room, Bluetooth garage door opener, and a Samsung washer and dryer replaced in 2023, while major systems including the roof, HVAC, and water heater were all replaced in 2020 for added peace of mind. All of this is set within the amenity-rich Watershed community, where residents enjoy access to pools, fitness centers, community clubhouses, multiple playgrounds, scenic walking trails, community vegetable gardens, and inviting open spaces, all just moments from shopping, dining, major commuter routes, NSA, Fort Meade, and BWI. This is low-maintenance luxury living in one of the area’s most vibrant and connected communities.
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.
