**Professional Photos Coming Soon** Tucked into the highly sought after Lane in the Woods section of Lakelands, this beautifully maintained home offers nearly 4,900 square feet of finished living space and backs directly to the scenic Muddy Branch Trail, providing a peaceful wooded backdrop and direct access to miles of trails. Freshly painted in neutral tones and featuring hardwood floors throughout the main level refinished in 2020, the home blends classic style with thoughtful updates. The fully renovated kitchen (2020) serves as the heart of the home with abundant cabinetry, generous pantry space, and a sunny breakfast nook that opens to the spacious family room. The family room features a stone fireplace, custom built-ins, and walls of windows that fill the space with natural light and showcase the treed views. A glass door leads directly to the screened porch, creating the perfect place to relax while overlooking the woods and the Muddy Branch Trail. Just beyond, the large deck provides additional outdoor living space. The main level also includes a private office, a formal living room, and a formal dining room, along with a practical mudroom area with coat storage and lockers leading to the two car garage. Upstairs, the primary suite is a spacious retreat featuring a large walk-in closet that can double as a sitting room and a spa inspired bathroom with a soaking tub. Three additional bedrooms and two additional bathrooms complete the upper level, including a private bedroom suite located over the garage. The walkout lower level expands the living space with a large recreation room, full wet bar with seating, bedroom, gym area, bonus room, and a recently renovated full bathroom featuring a dual head steam shower. Glass doors open to the rear patio, continuing the connection to the peaceful wooded setting. Major updates provide peace of mind, including a brand new roof (2026), hot water heater replaced just two months ago, and dual zone HVAC systems replaced in 2019 and 2021. With generous living spaces, extensive updates, and a premier location backing to nature, this exceptional Lakelands home offers comfort, privacy, and convenience all in one. This premium lot on a no-thru street combines luxury, convenience and a true connection to the outdoors. Enjoy a lifestyle of convenience with a location within walking distance to the Lakelands/Kentlands restaurants, shops, schools, pool, playgrounds, sports courts and so much more! This home is truly a must see!
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.
