**OPEN HOUSE SAT 2/7 12-2PM & SUN 2/8 2-4PM** This thoughtfully designed home offers exceptional flexibility across four finished levels, allowing the layout to adapt to a variety of living needs. The entry level features a welcoming foyer, access to the attached two-car garage, and a versatile flex space that can function as a recreation room, home office, or true fifth bedroom—complete with a built-out walk-in closet and a full bathroom, making it ideal for guests or multi-generational living. The main level is well suited for both everyday living and entertaining, with an open-concept layout that includes a spacious living room and dining area centered around a chef’s kitchen with granite countertops, stainless steel appliances, a pantry, and an island with seating. Sliding doors open to an outdoor deck, creating an easy indoor–outdoor connection. A conveniently located powder room completes this level. The upper bedroom level includes a primary suite with walk-in closets and a private en-suite bath, along with two additional bedrooms, a full hall bath, and a laundry area located on the same floor. The top level adds even more versatility with an additional bedroom, full bathroom, walk-in closet, and access to a second outdoor deck—well suited for a guest suite or home office. Brand new carpet throughout just installed! The neighborhood is well positioned for both outdoor enjoyment and everyday convenience, with access to walking and biking paths that connect to the Trolley Trail, Lake Artemesia, and surrounding parkland. Three grocery options—Giant, Aldi, and Target—are all within walking distance, making daily errands especially convenient. Greenbelt Metro is within walking distance or a quick drive, and the location offers easy access to I-495, the BW Parkway, Route 1, UMD, as well as nearby shopping, dining, and community green spaces. The result is a location that supports an active lifestyle while remaining highly connected to the greater DC area. Square footage measurements are approximate and based on third-party measurements.
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.
