Discover an unparalleled living experience within the esteemed Stonehaven community of White Plains, Maryland. This magnificent residence, spanning an impressive 3,650 square feet of meticulously designed living space, offers a harmonious blend of sophistication and comfort, tailored for discerning homeowners. Upon entering, you are greeted by an expansive open-concept main level, thoughtfully enhanced by a sundrenched upper-level bump-out, creating an inviting atmosphere filled with natural light. At the heart of this level lies a gourmet kitchen, a true culinary haven, boasting exquisite quartz countertops, state-of-the-art stainless steel appliances, and an oversized island. This central feature promises to be the focal point for both everyday family life and grand-scale entertaining. Situated on a coveted premium lot, this home backs onto pristine open space, providing unparalleled privacy and breathtaking, unobstructed views that invite tranquility and natural beauty into your daily life. The residence features a generous layout of four well-appointed bedrooms and three-and-a-half luxurious bathrooms. An unexpected bonus awaits on the upper level: a versatile loft landing, offering flexible space perfect for a media room, play area, or additional lounge. Practicality is assured with a spacious two-car garage offering convenient direct interior access, while a dedicated private office, strategically positioned off the foyer, provides an ideal sanctuary for remote work or quiet study. The upper level further impresses with generously proportioned secondary bedrooms and an opulent primary suite. This private retreat includes a spa-inspired en-suite bathroom, designed for relaxation and rejuvenation, complemented by two expansive walk-in closets providing ample storage. The fully finished lower level, complete with an extension and a full bathroom, transforms into an exceptional venue for hosting lively game nights, family gatherings, and creating lasting memories. Beyond the confines of this exceptional property, the Stonehaven community enriches your lifestyle with a wealth of exclusive amenities, including a swimming pool, playgrounds, clubhouse, and scenic walking trails. Its prime location ensures effortless access to major commuter routes, diverse shopping destinations, and an array of exquisite dining options. This extraordinary home offers an abundance of features and conveniences that truly must be experienced firsthand. We warmly invite you to schedule a tour today and envision the lifestyle awaiting you at Stonehaven.
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.
