Welcome Home to 44180 Cross Bow Lane centrally located in the highly desirable Arrowhead neighborhood in California, MD. The home has been well maintained and is move in ready. Beautiful hardwood floors throughout were recently refinished in 2024. Fresh paint, new carpet, updated lighting/ceiling fans and new Levolor blinds. Newer heat pump, new gutters and new 50-year shingled roof in 2025 for added piece of mind. Home sits on a nice level 2.14 acre corner lot with fenced in rear yard. The main level consists of a very spacious family/rec room addition with French doors leading to the back yard, formal dining room, formal living room with a cozy gas fireplace, updated kitchen with stainless appliances, granite countertops and tiled backsplash, laundry room and half bath. Upstairs there are currently three bedrooms, however originally it was designed as a four bedroom home and could be easily converted back (see floor plans in documents section). The large primary bedroom has vaulted ceiling, walk in closet and a connecting room perfect as a nursery, sitting room or office. The en-suite bath with tiled flooring features dual sinks, soaking tub and separate shower. The other two bedrooms are also generous in size with walk-in closets. Off the kitchen you will find a nice maintenance-free deck, paver patio and new vinyl picket fence. The property line extends beyond the fence line. The unfinished basement is waiting for your finishing touches with a rough-in for future bath and walkout stairs to the back yard. Insulated 2 car attached garage. Close to restaurants, shopping and other such amenities and easy commute to Pax River NAS. You will not be disappointed in this beautiful home so schedule today!
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.
