Welcome to 3905 26th Street — a 3-bedroom, 3 full and 1 half bath home set just moments from the Chesapeake Bay in the heart of Chesapeake Beach, where a flexible layout and multiple suite options come together in a setting that feels both comfortable and connected to the water. The main level opens into a series of well-defined living spaces, including a large living room and a separate family room centered around a fireplace that creates a warm focal point. The dining area offers space to host comfortably without feeling formal, positioned just off the kitchen for an easy, natural flow. The kitchen features extensive cabinetry, generous counter space, and room for a breakfast table, along with direct access to the rear deck—making everyday living and outdoor dining feel seamless. Also on this level, a bedroom with its own attached full bath provides a highly functional option for guests, a private office, or a main-level suite. A separate half bath completes the space. Upstairs, the primary suite offers a spacious layout with its own full bath and dedicated closet space, creating a comfortable retreat. A second upper-level bedroom is paired with an additional full bath, giving each space the support and privacy it needs without compromise. The lower level remains unfinished, offering a clean, open footprint for storage, workshop use, or future expansion. Outdoor living continues with a covered front porch, rear deck, and patio area, along with a detached garage that adds flexibility for parking, storage, or hobbies. The yard is usable and manageable, offering space to enjoy without extensive upkeep. Just down the street, Chesapeake Beach Veterans Memorial Park opens to sweeping Chesapeake Bay views, walking paths, and open green space—an everyday extension of the home that invites you outside. Nearby marinas, local dining, and small-town conveniences shape the rhythm of daily life here, while Bayfront Park—known locally as Brownie’s Beach—is just about a mile away, offering a more private waterfront setting for Chesapeake Beach residents and their guests. With convenient access to Route 260 and Route 4, commuting to Annapolis, Washington, and surrounding areas is straightforward, while the setting itself offers a relaxed coastal pace that’s hard to replicate. Enjoy close proximity to the Chesapeake Bay, the Rod ’N’ Reel Resort, the Chesapeake Beach Water Park, nearby restaurants, shops, marinas, and the waterfront attractions that make this community such a special place to call home.
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.
