Welcome home to this beautifully updated and well maintained 4-bedroom, 2-bath rambler, with approx. 1,700 square feet of living space in Berwyn Heights. Major improvements include a new roof (2022), resurfaced hardwood floors (2022), and a freshly sealed and painted front porch (2023). In 2024, state-of-the-art attic insulation was installed for enhanced energy efficiency and year-round comfort. In 2025, the home saw an impressive series of renovations: both full bathrooms were completely remodeled with stunning, modern finishes! New LVP flooring was installed on lower level, a beautiful brick patio was added for outdoor entertaining, and the porch roof was fully redone as well. A new hot water heater was installed in 2020. Inside, the layout offers flexibility and functionality. The bright and open concept kitchen features granite countertops and flows into the dining area and main living area upstairs. Where you’ll also find two large bedrooms with built in storage and a fully renovated bathroom. Downstairs, a spacious second living area—perfect for a family room, playroom, home gym, home office, along with two additional bedrooms, a laundry room, and another beautifully renovated full bathroom. There is outdoor living space as well. Enjoy relaxing on the screened back porch or entertaining on the new patio in the newly refreshed yard. The home is well maintained and move-in ready, offering peace of mind with its extensive list of recent upgrades. Location is the final touch! Commuters will appreciate convenient access to Washington DC by car, MARC, or Metro. Walk to Lake Artemisia, Town Hall, Indian Creek playground, and more. Groceries close by with Aldi, Lidl, Whole Foods, Trader Joes and Giant - 5 minute Drive to University of Maryland, Target, Royal Farms, Greenbelt Park, Amazon Hub, College Park Metro station (green line and upcoming purple line), Ikea. A 10 Minute Drive: Waggertails dog park, Starbucks, Gold’s Gym, Little Blue Menu, Manifest Bread Bakery, Riviera Tapas, and more. A 30 minute drive, and youre in Washington DC, BWI, Ft. Meade, Annapolis, Columbia and Baltimore! With modern updates, flexible living space, and an unbeatable location, this home offers the perfect blend of comfort, style, and convenience!
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.
