If you've been looking for privacy, space, and a home that truly stands out, this is one you don't want to miss. Tucked away on over two beautiful acres with no HOA, this custom home offers the peaceful feeling of country living while still being just minutes from everything Prince Frederick has to offer. From the moment you step inside, you'll appreciate the soaring two-story foyer, gorgeous hardwood floors, and thoughtful layout designed for both everyday living and entertaining. The main level features a private bedroom with a full bath that's perfect for guests, an in-law suite, or a nanny. The kitchen is truly the heart of the home and a dream for anyone who loves to cook or entertain. It includes Wolf double ovens, a massive GE Monogram refrigerator, two dishwashers, double pantries, a gas cooktop with warming drawer, food steamer, cup warmer, bar sink, wine refrigerator, and an oversized island with plenty of seating. There's even direct access from the garage to make unloading groceries a breeze. The two-story family room is filled with natural light and centered around a beautiful fireplace, while the formal dining room is ready for holiday gatherings. A private office with built-in bookcases provides the perfect work-from-home space. Upstairs, you'll find four spacious bedrooms, including an incredible owner's suite complete with a tray ceiling, oversized walk-in dressing room, luxurious bath with double vanities, towel warmers, soaking tub, and separate shower. The adjoining sitting room overlooks the backyard oasis, offering breathtaking views of the pool, patio, and mature landscaping. Even the laundry room is conveniently located just outside the owner's suite. The finished lower level offers even more living space with a stunning custom teak bar, room for a home gym or second office, additional living area, plenty of storage, and walk-out access to the backyard. A half bath is already in place with room to add a shower if desired. Outside is where this property really shines. Relax by the beautiful pool, entertain on the expansive paver patio, unwind on the screened porch, or gather around one of the fire pits. The detached workshop is wired for electric and is the perfect place for hobbies or extra storage. Additional highlights include an oversized three-car garage, in-floor electrical outlets throughout the home, and owned solar panels. Homes like this rarely come along—offering luxury, privacy, and exceptional indoor and outdoor living all in one incredible property.
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.
