Welcome to Creekside Village! This beautifully updated 3-bedroom, 3.5-bath townhome offers three finished levels, a 1-car garage, and a flexible floor plan designed for today's lifestyle. Freshly painted throughout with new carpeting, the home features hardwood flooring on the main level and hardwood staircases on all three levels. The open-concept main floor includes a spacious family room, half bath, and a well-appointed kitchen featuring 42" dark maple cabinetry, granite countertops, tiled backsplash, stainless steel appliances, a large center island with decorative pendant lighting, bar-top seating, and recessed lighting throughout. Step outside to the spacious Trex deck, perfect for entertaining or relaxing. Upstairs, the owner's suite features tray ceilings, a walk-in closet, and a private bath with a dual granite vanity, a soaking tub, and a separate tiled shower with a seat bench. Two additional bedrooms offer ample closet space and share a full hall bath. A convenient upper-level laundry room includes an energy-efficient washer and dryer. The finished walkout lower level offers exceptional flexibility, with a spacious recreation room, a full bath, and a separate kitchenette complete with granite countertops, a stainless steel refrigerator, a below-counter microwave, and ceramic tile flooring. Featuring a closet and direct access to the fully fenced rear yard and stone paver patio, this versatile space functions perfectly as a guest suite, home office, fitness area, media room, or additional living space. Additional features include window treatments throughout and an existing Tesla/SolarCity solar energy system designed to help offset utility costs. Purchaser to assume existing solar agreement. Enjoy all the amenities Creekside Village has to offer, including a community pool, clubhouse, fitness center, playgrounds, basketball court, dog park, walking trails, and community green spaces. Conveniently located near shopping, dining, Fort Meade, Baltimore, Annapolis, and major commuter routes. As an added benefit, Creekside Village does not have a front-foot benefit fee. Move-in ready and thoughtfully updated, this home offers the space, features, and location today's buyers are looking for.
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.
