Former Model Home with incredible finishing touches only found on Model home, such as detailed moulding both on ceiling and walls and floor boards. Best lot in neighborhood as former Model has over 1/4 acre lot (.27 acres) with protected forest behind it. Stunning, fully upgraded luxury home in the highly sought-after equestrian community of Marlboro Ridge. Featuring 5 spacious bedrooms and 4.5 bathrooms, a fully finished walk-out basement with a dedicated movie theater room, and one of the largest composite decks in the community, this exceptional residence offers the perfect blend of elegance, comfort, and modern convenience. Backing to a peaceful tree-filled conservation area. Note, 2025 tax assessment was $900K and this home has alot of extras no other home has in this neighborhood. Step inside through the dramatic two-story foyer and immediately appreciate the home's impressive scale and sophisticated design. Rich hardwood flooring flows throughout the main level, creating a warm and inviting atmosphere. The formal living room seamlessly connects to the elegant dining room, highlighted by a beautiful bay window that fills the space with natural light. The gourmet chef's kitchen is truly the heart of the home, featuring upgraded stainless steel appliances, a gas cooktop with designer hood, an oversized center island with additional storage, and a dedicated walk-in pantry. Perfect for entertaining, the kitchen opens to an expansive sunroom with soaring cathedral ceilings and direct access to the oversized composite deck complete with built-in lighting. Whether hosting summer cookouts, holiday gatherings, or simply enjoying your morning coffee, this outdoor living space is a rare and highly desirable feature within Marlboro Ridge. The spacious family room offers a cozy fireplace and convenient access to the secondary staircase, enhancing both functionality and flow throughout the home. Upstairs, hardwood flooring continues through the hallways leading to four generously sized bedrooms, each featuring enormous walk-in closets. The luxurious primary suite serves as a private retreat with an upgraded sitting area, spa-inspired en suite bath, soaking tub, separate shower, and abundant closet space. Two secondary bedrooms share a Jack-and-Jill bathroom, while the fourth bedroom enjoys its own private en suite bath, providing comfort and privacy for family members and guests alike. The fully finished walk-out basement expands the home's living and entertaining possibilities. An expansive recreation area provides plenty of room for gatherings, games, and relaxation. The large den offers flexibility as a home office, fitness room, guest suite, or study area. A true showstopper is the dedicated movie theater room, accessed through stylish sliding barn doors. Complete with a high-end media center, premium speakers, and built-in smart-home audio controls, this impressive theater space is designed for unforgettable movie nights, sporting events, and entertainment with family and friends. Additional premium features include built-in speakers throughout the home and a spacious two-car garage. As a resident of Marlboro Ridge, you'll enjoy access to resort-style amenities including a clubhouse, swimming pool, fitness center, scenic trails, and the community's renowned equestrian facilities. 14 Golf Courses and 7 Parks within 10 miles. 27 Restaurants within 5 miles. 5,954 finished square feet (4,018 finished square feet on main + upper level and 1,936 finished square feet in basement---basement fully finished and includes custom movie theatre).
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.
