Perfectly located on a quiet no-through street overlooking woodland, 4014 Sparrow House Lane offers peaceful tranquility and relaxing nature views. With a private, fenced back yard, a walk-out basement and over 2000 square feet of sunlit living space, this move-in ready townhome is the haven you will love to return to at the end of each day! This former model home has been updated throughout. The rooms are bright and spacious, the floorplan offers flexibility, and all of the following items have been replaced within the last 6 years: all windows, Washer and Dryer, HVAC, Water Heater, Microwave, upstairs carpeting, main level and lower-level flooring, and fresh paint. The bathrooms were updated in 2025. You will love the flexibility of having 4 bedrooms, and a bathroom on every level. The main level provides a spacious living room, large, updated kitchen and separate dining room. A convenient powder room completes the main level. Upstairs you will find a large primary bedroom with a walk-in closet and gorgeous recently remodeled ensuite bathroom. The second and third bedrooms, a separate linen closet and an updated hall bathroom complete the upper level. The lower level offers a large 4th bedroom, a huge family room with a fireplace, a recently remodeled full bath, a large laundry room with additional storage, and access to the private fenced backyard and patio. Located in Burtonsville, MD, the beautiful Valley Stream Estates community offers front lawn care, playgrounds, a lighted walking trail, and a serene community pond. It’s less than a mile from the new Burtonsville Elementary school, opening in August 2026 for the 2026-2027 school year! There are many convenient shopping, dining, and outdoor recreation options nearby including Briggs Chaney Marketplace, Burtonsville Town Square, Burtonsville Crossing, Town Center at Laurel, Dinosaur Park, Maydale Conservation Park and Maydale Nature Classroom, Fairland Sports and Aquatics Complex. Commuters will appreciate easy access to the ICC (Route 200), I95, Route 198, Route 29, and BWI Airport. Johns Hopkins University Applied Physics Laboratory, Ft. Meade, Lockheed Martin Columbia, Booz Allen Hamilton Columbia, and Medstar Health are just some of the major employers in the area.
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.
