Tucked into a peaceful and well-kept Lothian setting, this home offers the rare opportunity to enjoy space, privacy, and everyday convenience all in one place. From the moment you arrive, there is a sense of calm that makes it easy to picture yourself settling in and staying awhile. Inside, warm hardwood floors and thoughtfully designed living spaces create an inviting atmosphere that feels both comfortable and functional. The separate dining room sets the stage for memorable gatherings, while the breakfast area becomes the perfect spot for relaxed mornings and everyday moments. The fully finished basement adds exceptional flexibility, offering space for work, hobbies, entertainment, or guests without sacrificing comfort upstairs. And with a new roof and new HVAC system (both AC and Furnace), you can move in with confidence, knowing that these important updates will keep your home running smoothly for years to come. Step outside to the deck overlooking the yard and you will quickly understand why homes like this are so hard to find. Whether you are enjoying quiet evenings outdoors, hosting friends, or simply appreciating the open space around you, the setting delivers a true sense of retreat. A storage shed adds everyday practicality, keeping outdoor living organized and effortless. With Sands Road Park nearby and local services just a short drive away, this location makes it easy to balance a quieter lifestyle with daily needs and commuting access via Route 4 to Annapolis and the Washington, D.C. area. Homes that combine this level of space, versatility, and location do not come along often. If you have been waiting for a home that feels like the right one the moment you walk in, this is it. Schedule your showing now before someone else claims the lifestyle you have been searching for. Photos may be virtually staged
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.
