Welcome to 7604 Post Road a beautifully renovated home in the heart of Hanover offering modern updates, thoughtful design, and unbeatable convenience. Completely remodeled in 2019, this home blends style and function with true hardwood floors throughout and a stunning kitchen featuring quartz countertops, a massive island, and plenty of space to gather and entertain. The dining area is a true showstopper, highlighted by a full accent wall with a fireplace insert that creates a warm and inviting focal point. The main level offers the convenience of a full bedroom and full bathroom — perfect for guests, multigenerational living, or a private home office. Upstairs, the spacious primary suite includes a beautifully updated en suite bath and a walk-in closet, while two additional bedrooms share a fully renovated hall bathroom, all finished with eye-catching tilework. A thoughtfully converted space adds valuable square footage, giving you even more room to spread out, relax, or customize to your lifestyle needs. Comfort is key with a brand new split unit in the living room, along with major systems updated in 2019, including HVAC, water heater, and windows. The roof, just one year old, offers added peace of mind. Situated on a quiet street, the corner lot provides both privacy and flexibility — ideal for outdoor enjoyment, entertaining, or simply soaking in the neighborhood feel. Location is everything, and this home delivers. Enjoy quick and convenient access to Fort Meade, NSA, BWI Airport, and Northrop Grumman, making daily commutes simple and efficient. With major commuter routes nearby, you’re perfectly positioned for both work and travel while still enjoying a peaceful residential setting. This home checks all the boxes for buyers seeking updated living, functional space, and prime accessibility.
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.
