Welcome home to this picture-perfect contemporary nestled in the heart of **Hickory Ridge**, one of Columbia’s most desirable villages. Surrounded by beautiful open space with scenic pasture views, this home offers the ideal balance of privacy, nature, and convenience with easy access to miles of walking and biking trails. The main living level welcomes you with a bright, open family room featuring vaulted ceilings, new luxury vinyl plank flooring, and a sliding glass door that opens to a private paver patio—perfect for relaxing or entertaining. The upper level showcases an updated galley kitchen with stainless steel appliances and new LVP flooring, a spacious dining area with access to a brand-new composite deck, two generously sized bedrooms, and updated full and half baths. The lower level provides a warm and inviting retreat with a wood-burning fireplace, additional bedroom, updated full bath, and convenient laundry/utility room—ideal for guests, a home office, or multi-generational living. The unfinished lower level offers endless possibilities for customization, whether you envision a fitness room, play space, home office, or additional storage. Enjoy all that **Columbia Parks & Recreation (CPRA)** has to offer, including access to community pools, fitness centers, playgrounds, tennis courts, lakes, and year-round recreational programs and events—part of the renowned Columbia Association lifestyle. Recent updates include a full HVAC system (2022), new flooring (2024), Trex composite deck (2024), appliances (2024/2025), and newer siding. Conveniently located near shopping, dining, commuter routes, and top-rated Howard County schools—this home truly offers comfort, community, and lifestyle in one exceptional package.
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.
