Set on a private, tree-lined 1.8-acre lot with desirable R-5 zoning off Solley Road, this extraordinary custom estate offers over 8,100 square feet of beautifully updated living space designed for luxury, flexibility, and functionality. With 8 spacious bedrooms plus a main-level office that can easily serve as a 9th bedroom, this one-of-a-kind property is perfectly suited for multi-generational living, assisted living potential, a home-based business, or the ultimate setup for car enthusiasts and hobbyists. A long private driveway with a white picket fence welcomes you to the home, where a covered breezeway connects to the impressive 1,941-square-foot detached 3-car garage featuring a 9,000-lb vehicle lift, epoxy flooring, kitchenette/bar with sitting area and full bath with shower a rare and exceptional feature for collectors, mechanics, or workshop needs. Inside, the thoughtfully designed main level showcases expansive formal living and dining rooms, a warm and inviting family room, and a stunning rear solarium that overlooks Trex decking on the rear deck revealing peaceful wooded surroundings. The gourmet chef’s kitchen is the heart of the home, featuring 42-inch hardwood-trimmed cabinetry, striking black onyx granite countertops with plenty of bar stool seating,, a large center island with overhead pendant lighting, double oven , downdraft cooktop, oversized pantry, and abundant prep and entertaining space. A large wood burning stone fireplace completes the kitchen area. The luxurious main-level primary suite offers a private retreat with a spa-inspired ensuite bath complete with dual vanities, soaking tub, oversized tiled shower with bench seating, and a custom walk-in closet with built-in cabinetry and storage solutions. An additional full bath and laundry room complete the main level. Upstairs, you’ll find two generously sized bedrooms connected by a Jack-and-Jill bath, an expansive recreation room, an open hallway overlooking the dramatic two-story kitchen and family room below. A convenient built-in laundry chute adds to the home’s thoughtful design. The fully finished walk-out lower level dramatically expands the home’s possibilities with four additional large legal bedrooms with egress, a second full kitchen with large countertop with plenty of room for bar stools ,formal living and dining areas, recreation room, two full baths, and a large flex space ideal for an office, gym, or additional storage. A fire suppression system provides added peace of mind, while oversized walk-out stairs equipped with a chair lift offer easy accessibility to the connected covered breezeway. Additional highlights include an attached 2-car garage, oversized storage shed, and an enormous blacktop parking area with ample space for guests, business vehicles, RVs, or recreational equipment. Conveniently located near major commuter routes, National Security Agency, Fort Meade, shopping, dining, and Baltimore/Washington International Thurgood Marshall Airport, this exceptional property combines privacy, versatility, and luxury in a truly unmatched setting.
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.
