Just steps from Downtown Sykesville on a quiet residential street, this extensively renovated rancher offers 3 bedrooms, 3 full baths, and more than 1,800 finished square feet. Thoughtful improvements throughout mean nearly every room has been updated and refreshed - all that’s left to do is unpack and settle in. Step inside to freshly painted interiors in timeless airy neutrals and hardwood floors that run throughout the living room and bedrooms. The fully renovated kitchen (2022) was thoughtfully opened to the dining area, creating a bright, welcoming space for everyday living and entertaining. White cabinetry, quartz countertops, stainless steel appliances, wood-look ceramic tile, an oversized window above the sink, and a convenient side door to the driveway fill the room with natural light. Sliding doors from the dining area lead directly to the new walkaround composite deck (2023), extending the living space outdoors. The main level includes three comfortable bedrooms and two full baths, including a primary suite with its own updated en-suite bath — a rare bonus for homes of this size! A newly renovated hall bath (2026) adds another fresh, modern touch. Downstairs, the fully finished lower level provides impressive additional living space with high ceilings and a walkout to the backyard patio (2021). The large recreation room is complemented by a convenient kitchenette with wet bar and beverage refrigerator, along with a brand-new full bath — perfect for guests, hobbies, or flexible living arrangements. A spacious laundry room with new washer and dryer and built-in cabinetry, along with a utility room with workbench, adds valuable storage and everyday practicality. Major system updates include a new HVAC system and hot water heater (both 2023), and driveway drainage and hardscape all offer peace of mind for years to come. Outside, the property includes driveway parking for two vehicles plus two additional off-street spaces, and a shed for yard care ease. Just a short walk from charming Downtown Sykesville, where you’ll find locally owned boutiques, restaurants, seasonal festivals, and weekly farmers markets that create a lively small-town atmosphere. Enjoy nearby South Branch Park, The Little Sykes Railway Park, the Sykesville Gate House Museum, and the Patapsco River trails. Shopping and conveniences in Eldersburg are just a short drive away. Commuters will appreciate easy access to Route 32 for Fort Meade and Washington, DC, along with Routes 26 and I-70 for travel toward Baltimore. With thoughtful renovations throughout, beautifully selected finishes, and major systems updated, nearly every detail of this home has been completed with care. The result is a warm and welcoming home that feels fresh, inviting, and ready to enjoy!
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.
