Welcome to 401 Prairie Court—an exceptional, fully renovated colonial perfectly positioned on a desirable corner lot in Upper Marlboro. Ideally located with convenient access to Washington, D.C., Joint Base Andrews, National Harbor, and major commuter routes, this home offers both everyday convenience and a connected lifestyle close to shopping, dining, and entertainment. This beautifully reimagined residence feels practically new, featuring a new roof, extensive updates throughout, and thoughtfully curated finishes. The main level showcases a classic yet open flow with a formal living room, elegant dining room, and a stunning kitchen/family room combination. The kitchen is a true centerpiece—appointed with crisp white cabinetry, stylish quartz countertops, high-end stainless steel appliances, a wine fridge, ceramic tile flooring, and a dedicated breakfast area. Warm hardwood floors, modern recessed lighting, and refined fixtures elevate the entire space. The inviting family room, complete with a fireplace, seamlessly opens to a spacious deck—perfect for indoor-outdoor living. Upstairs, you’ll find three generously sized bedrooms, including a luxurious primary suite with vaulted ceilings, expansive walk-in closets, and a spa-inspired bath featuring a soaking tub, separate shower, and dual vanities. All bathrooms throughout the home have been completely redone with stylish, high-end finishes. A well-appointed hall bathroom also offers double vanities, and the convenience of a brand new washer and dryer on the upper level adds to the home’s thoughtful design. Many windows have been updated, bringing in abundant natural light while enhancing efficiency and comfort. The fully finished basement expands the living space with a large recreation room, an additional bedroom, and a full bath—ideal for guests or extended living. Outside, enjoy a spacious deck overlooking a fenced yard, perfect for relaxing or entertaining. Fresh, neutral paint throughout creates a bright and inviting atmosphere, truly making this home move-in ready. A two-car garage and the premium corner lot setting complete this impressive offering. A rare opportunity to own a turnkey home with timeless style and modern upgrades in a prime location. *Some images have been enhanced and/or virtually staged for illustrative purposes. Actual property conditions and features may vary.
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.
