SIGNIFICANT PRICE ADJUSTMENTS. *EASY TO SHOW* This stunning stone front colonial offers over 4,500 square feet of beautifully finished living space in the sought-after Oakdale School District. With four spacious bedrooms and four full baths, there's room for everyone—and then some.. New HVAC (2025), New Carpeting (2025), Step into a dramatic two-story foyer with a striking turned staircase and wrought iron spindles. Gleaming hardwood floors flow throughout the main level, leading you to the heart of the home: a gourmet kitchen with a large center island, 42" cabinetry, granite counters, and stainless-steel appliances—including a brand-new dishwasher (2025) to match the rest of the suite. The sunny breakfast room, surrounded by windows, opens to a freshly painted deck and a fully fenced, private backyard oasis—perfect for entertaining or simply relaxing. Off the kitchen, the family room features a cozy gas fireplace, while the formal dining room with crown molding and chair rail is ideal for special occasions. A separate formal living room offers even more space to gather or unwind. Upstairs, features new carpeting (2025). The oversized primary suite wows with tray ceilings, a sitting area, a custom walk-in closet, and a luxurious en-suite bath with dual vanities, a soaking tub, and a walk-in tiled shower. Three more generously sized bedrooms--two with walk-in closets—a full hall bath, and convenient upper-level laundry complete the space. The finished walk-up basement adds serious flexibility with an open layout, full bath, and a bonus bump-out—perfect for a home office or gym. There’s also a large utility/storage room. Other highlights include Oakdale School district, an oversized two-car garage, a driveway with plenty of parking, no HOA, and a fully fenced front and back yard. The local area offers a short drive to downtown Frederick, nearby schools, Weis grocery store, Anytime Fitness, local dining, and commuter routes like I-70 and I-270. Stylish, spacious, and move-in ready—this home truly has it all.
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.
