Stunning Home with Elegant Details, Modern Upgrades & a Backyard Oasis. Welcome to this beautifully appointed townhome featuring timeless finishes, thoughtful upgrades, and exceptional indoor and outdoor living spaces. A covered front entrance leads to a welcoming foyer with hardwood floors and a convenient coat closet. The main level showcases elegant design elements, including cherry hardwood floors, custom drapes, shadow boxes, wainscoting, and recessed lighting in the spacious living room, creating a warm and sophisticated atmosphere. The formal dining room is perfect for entertaining and features hardwood flooring, recessed lighting, a chandelier, tray ceiling, decorative columns, and charming window boxes. The chef’s kitchen combines both style and functionality, offering stainless steel GE Profile appliances, electric double ovens, a gas four-burner stove with griddle on the island, 42-inch soft-close cabinetry, a pantry, double sink, and a glass corner cabinet. Pendant lighting above the island and electrical outlets adds convenience, while a programmable thermostat enhances comfort. A nearby powder room with ceramic tile and a pedestal sink completes the main level. The kitchen flows seamlessly into the inviting family room with a cozy gas fireplace. The adjacent breakfast room features French doors that open to the patio, creating the perfect setting for indoor-outdoor living and entertaining. Upstairs, the luxurious primary suite offers soaring ceilings, a spacious sitting room with a coffee bar, and two custom walk-in closets. Beautiful engineered hardwood floors installed in 2020 add a modern touch. The primary bath features a soaking jetted tub, skylight, dual sinks with granite counters, a glass-enclosed shower, and a private water closet. Bedrooms two and three feature hardwood floors and chair rail detailing and share a full bath with a tub/shower combination and granite counters. The upper-level hallway includes engineered wood flooring, a convenient laundry area, attic pull-down stairs, and access to upper-level mechanicals. The finished lower level offers flexible living space, including an office or exercise area, a half bath, and an impressive bar with seating, beverage cooler, and cabinetry. A sliding glass door opens to the backyard oasis, and the level also provides direct access to the garage. The oversized two-car garage features epoxy flooring, a mechanical closet, sump pump, and ample storage space. Additional whole-home features include an intercom system, Vivint alarm system, humidifier, and hose bibs in both the garage and backyard. Outside, enjoy the brick-front exterior with rear siding, a six-foot vinyl privacy fence, a 12’ x 14’ patio, deck, and epoxy-coated front steps—perfect for relaxing or entertaining. The HOA covers lawn care and landscaping maintenance. Living in the Marlboro Ridge community offers access to outstanding amenities, including swimming pools, horse trails, a clubhouse, fitness center, playgrounds, and walking and jogging paths. The Marlboro Equestrian Center provides boarding, horseback riding, and community events. All of this is conveniently located with easy access to major commuter routes and public transportation throughout the DMV. This exceptional property blends elegant finishes, modern comforts, and outstanding outdoor living—a home that truly has it all!
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.
