******Motivated seller—bring your offer. A great opportunity to own in the gated Oak Creek Club community.******Welcome to 500 Stanwich Terrace, a beautifully maintained brick-front colonial located in the sought-after Oak Creek Club, a gated golf course community in Upper Marlboro. Offering 4 bedrooms, 2.5 baths, and over 4,300 total square feet, this home delivers generous space, classic design, and access to resort-style amenities. The main level welcomes you with a dramatic two-story foyer, flanked by formal living and dining rooms—ideal for entertaining or everyday flexibility. The heart of the home is the expansive kitchen, featuring granite countertops, an oversized center island, pantry, custom cabinetry, and modern appliances, all opening to a bright morning room and a spacious family room with a gas fireplace. Upstairs, the primary suite is a true retreat with two walk-in closets and a well-appointed bath offering a soaking tub, dual vanity, and separate shower. Three additional bedrooms provide ample space for family, guests, or a home office. The upper level features brand-new carpet and some fresh paint, giving the home a refreshed, move-in-ready feel. The finished lower level offers exceptional bonus space suitable for a media room, gym, playroom, or recreation area, and is plumbed for a future full bath, allowing for easy expansion and added value. Residents of Oak Creek Club enjoy an impressive list of amenities, including an 18-hole golf course, clubhouse with dining and event space, fitness center, swimming pool, pickleball and tennis courts, walking trails, playgrounds, landscaped common areas, 24/7 gated security, and private roads. Conveniently located near shopping, dining, and major commuter routes, this home combines space, comfort, security, and lifestyle—all just minutes from Washington, DC. Schedule your private showing 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.
