Welcome to this breathtaking all-brick custom colonial with lower level in-law suite nestled in the coveted Welcome to this breathtaking all-brick custom colonial in the coveted Highland Lakes community. Thoughtfully designed for seamless multi-generational living, this home blends independent spaces with grand gathering areas. Perfectly positioned on a serene, professionally landscaped 1.08-acre cul-de-sac lot backing to mature trees, this exceptional estate offers a rare blend of timeless elegance, modern comfort, and forward-thinking sustainability. Inside, an expansive open floor plan showcases gleaming hardwood floors, striking crown moldings, soaring 9’+ ceilings, and beautifully renovated finishes throughout. Designed for both grand entertaining and everyday living, the main level features a massive great room with beamed ceilings, an entry-level bedroom with a private ensuite, and an entertainer’s dream kitchen complete with dual sinks, two refrigerators, two dishwashers, an induction cooktop, double wall ovens, a wet bar, and a sun-filled breakfast area. The newly added four-season sunroom seamlessly blends indoor comfort with the beauty of the surrounding landscape. Step outside to your own private backyard retreat featuring an automated saltwater pool, scenic wooded views, and a low-maintenance composite deck perfect for entertaining. The home is also future-ready with a Tesla solar roof, dual Tesla Powerwalls for backup power, and a dedicated EV charging port in the garage. Upstairs, the luxurious primary suite offers spacious custom closets and beautifully updated spa-like baths. The fully finished lower level includes a complete in-law apartment with independent ground-level walkout access, ideal for multi-generational living, guests, or an au pair suite. Laundry is conveniently located on every level of the home. Beyond the property itself, this home offers the rare opportunity to own in one of Maryland’s most sought-after locations. With low annual HOA fees, easy access to both Baltimore and Washington, D.C., and a tranquil park-like setting, this thoughtfully renovated residence offers an exceptional place to call home. Adding even more appeal, the home is zoned for the highly acclaimed Howard County Public School System, feeding into Dayton Oaks Elementary, Lime Kiln Middle School, and the top-rated River Hill High School.
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.
