Nestled at the head of a peaceful cul-de-sac and backing to trees, this attractive brick-front home offers privacy, space. Recent improvements include a brand-new roof, new laminate flooring throughout, fresh interior paint, a beautifully remodeled primary bathroom, and a resurfaced rear deck, making this home move-in ready with major systems already addressed. The spacious two-story layout is ideal for both everyday living and entertaining. The main level features a well-appointed kitchen with an island that opens seamlessly to the family room, creating an inviting flow for gatherings. Sliding glass doors lead directly to the backyard, where a large deck and oversized patio provide excellent outdoor entertaining space surrounded by trees. A separate dining area and additional living room or den offer flexibility for hosting or working from home. Upstairs, you’ll find four generously sized bedrooms, including a primary suite with a walk-in closet and newly remodeled ensuite bath. The oversized two-car garage provides ample room for parking and storage. Conveniently located in Waldorf, Maryland, this home offers easy access to shopping, dining, and major commuter routes to Washington DC, National Harbor, and Northern Virginia. A solid, well-maintained single-family home in Waldorf, MD with key upgrades already completed . Schedule your private tour today! Exclusively listed with Lledon Stokes.
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.
