Elevate your lifestyle with Energy Efficient Solar Panels and EV Charger! This standout end-unit with a 2-car garage featuring a stunning loft, private walkout terrace, and flexible spaces designed for how you live, work, and unwind. Stunning, airy end-unit condominium perfect for entertaining or a private retreat. Enjoy the benefits of clean energy with a solar panel system with no loan or lease to assume. Designed for efficiency and sustainability, solar power helps reduce utility costs while lowering your environmental impact. A transferable warranty adds long-term value and peace of mind. The main level offers an open layout with spacious living, flows seamlessly over into your modern chef’s kitchen featuring white cabinets and stainless steel appliances. Upstairs, enjoy three generous bedrooms, with your en-suit bathroom, and full hallway bath. Another standout feature of this home is the expansive 4th-level loft with direct access to a private walkout terrace, offering elevated views. Turn this unique space into a luxury owner’s retreat, inspiring home office, creative studio, fitness/yoga space, media lounge, or even a guest suite alternative. Step outside to the terrace—perfect for morning coffee or tea, sunset unwinding, or entertaining under the open sky—creating a seamless indoor-outdoor living experience. Community amenities include a Jogging/Walking Path, Tot Lots/Playground and a well-maintained common grounds that anyone would be proud of. Perfectly located for commuters with Metrobus and the West Hyattsville Metro Station within walking distance, easy access to I-495. Don’t miss your chance to enjoy modern style, flexible living, and energy-efficient comfort all in one extraordinary home. SCHEDULE YOUR 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.
