Where every detail has been elevated! A grand luxury estate on 3+ acres with solar, major system updates, an expansive entertainment-ready basement, and private outdoor living spaces to impress. Set well off the road on a wooded lot, this 5-bedroom, 4.5-bath home offers the kind of privacy and scale that’s hard to find. A grand 2-story foyer welcomes you in, with a formal sitting room and dining space at the front, while the back of the home opens into a spacious living room with a gas fireplace and custom built-ins. Hardwood floors, crown molding, and recessed lighting carry throughout the main level. The kitchen features generous counter space, a large island, and a bright breakfast area surrounded by windows overlooking the backyard. Just off the kitchen, you’ll find a dedicated office that can easily function as a main-level bedroom, along with a convenient half bath. Upstairs, four bedrooms are all thoughtfully laid out, each with access to a full bath. The primary suite is complete with a sitting area, wet bar, walk-in closet, and a spacious bath featuring a sunken tub. The other bedrooms are all carpeted and just as gorgeous. The walkout basement is equipped with a large recreation area, built-in shelving, an additional office, and a half bath. Whether used for entertaining, hobbies, or extended living needs, this level gives you full access! Step outside to the deck and patio setup, a natural extension of the home for outdoor dining, relaxing, or entertaining across your private acreage. Major updates include 2 new HVAC systems installed in 2026, septic pumped in 2025, and a roof approximately 10 years old. Solar panels are installed for long-term energy efficiency and cost savings. Located just off Burnt Store Road with quick access to Route 231, you’re minutes from shopping, dining, and services near the Leonardtown Road corridor, while still enjoying a quiet, tucked-away setting. Local attractions, farms, and outdoor spaces enhance the overall lifestyle in the area. Come see this exceptional lifestyle in person. Schedule your private showing today!
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.
