Set on approximately five private acres overlooking the Port Tobacco and Potomac Rivers, 7635 Carley Dr presents a rare estate-style retreat where panoramic water views, resort-inspired amenities, and exceptional flexibility come together in one unforgettable setting. Designed for those seeking a peaceful escape without sacrificing access to the Washington metro region, this extraordinary property offers 8 bedrooms, 5 full baths, and 3 half baths across a thoughtfully arranged compound ideal for multigenerational living, extended guest stays, executive retreat potential, or creating a legacy property designed for gathering. The main residence welcomes with expansive entertaining spaces and updated conveniences, including a new double oven and refrigerator, creating a functional backdrop for both daily life and large-scale hosting. The upper level extends the experience with generously sized bedroom retreats, including a private balcony positioned to capture tranquil river views and unforgettable sunrise moments. Additional living spaces throughout the estate create endless possibilities for guests, work-from-home flexibility, wellness spaces, or future lifestyle customization. A detached apartment has been refreshed with new flooring, carpet, lighting, kitchen sink, and island updates, adding stylish and versatile accommodations. The setting feels worlds away with an indoor pool enhanced by a new variable-speed pump and heater, a pool house featuring entertaining areas and sauna amenities, a historic tobacco barn with event or creative retreat potential, and extensive garage capacity that opens the door for car enthusiasts, boat storage, hobby collections, or workshop use. Located in historic Port Tobacco, residents enjoy proximity to local destinations including scenic trails and waterfront recreation at Chapel Point State Park and nearby outdoor escapes at Gilbert Run Park. History enthusiasts can explore Port Tobacco Courthouse and area museums, while shopping, dining, and entertainment options are easily accessible in nearby La Plata and Waldorf. Commuters benefit from convenient access to Route 6, Route 301, and Indian Head Highway for connections toward major employment hubs including Washington, DC, Joint Base Andrews, and Southern Maryland's growing defense and technology corridors. Whether envisioned as a full-time residence, private weekend escape, or extraordinary lifestyle destination, this is a property designed to make every arrival feel like the beginning of a getaway. Tobacco barn is strictly AS-IS, and there is a small crack in the a glass ceiling pane of the pool house that does not leak, but it will not be replaced. ***Please note that annual real estate taxes are estimated based on Port Tobacco tax rates, current owner has a 100% exemption and only pays real estate taxes on the guest house*** 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.
