7106 Masonry Alley is a beautifully maintained townhome in Beltsville’s vibrant Brickyard community, perfectly situated for easy commuting and everyday convenience. The airy main level welcomes you with an open-concept design that seamlessly connects the spacious living room, central kitchen with island and abundant cabinetry, and a bright dining area with direct access to a private balcony—ideal for relaxing or entertaining. Upstairs, the primary suite features a walk-in closet and ensuite bath, while a second ensuite bedroom provides additional privacy and comfort. The lower level features a spacious third ensuite bedroom with a full bath, perfect for guests, a home office, or additional private living space, as well as direct access to the one-car rear-entry garage. Outside, the home enjoys low-maintenance exterior spaces, and the Brickyard HOA enhances the lifestyle with a pool, green spaces, playgrounds, and walking trails. Commuting is a breeze with quick access to I‑95, Route 1, the ICC (MD‑200), MARC train at Muirkirk Station, and Metro bus routes. Nearby Towne Centre at Laurel, Costco, and Shops at Konterra offer shopping and dining, while entertainment options, local parks like Fairland Regional Park, and cultural spots like Dinosaur Park add to the appeal. Major employers including the FDA, USDA, University of Maryland, and job centers in College Park and Silver Spring are all within easy reach, making this home a perfect fit for an active lifestyle. Mortgage savings may be available for buyers of this listing.
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.
