YOU CAN BE IN YOUR NEW HOME BEFORE THE START OF THE NEW SCHOOL YEAR! Welcome to one of the largest homes in the neighborhood, offering over 4,200 square feet of beautifully finished living space. Perfectly tucked away on a quiet no-thru street, this exceptional home BACKS TO DEEP WOODS and the Little Patuxent River, creating a private, peaceful setting that's increasingly hard to find. You'll appreciate the quality craftsmanship and extensive builder and owner upgrades found throughout. Elegant crown moldings and chair rail detailing accent nearly every room, while gleaming hardwood floors enhance the formal living, dining rooms, and foyer. The spacious dining room is highlighted by a bay window, creating the perfect setting for holiday dinners and family celebrations. Work from home? A dedicated PRIVATE OFFICE provides the ideal space for productivity, virtual meetings, or managing day-to-day life. The heart of the home is the impressive GOURMET KITCHEN featuring granite countertops, stainless steel appliances, double wall ovens, a center island with cooktop and snack bar, 42-inch cherry cabinetry, custom tumbled-stone backsplash, ceramic tile flooring with decorative inlays, a built-in planning desk, and an adjoining breakfast area with additional cabinetry for extra storage. Step outside onto the expansive rear deck and patio where you'll enjoy weekend barbecues, quiet mornings with coffee, evening stargazing, and the peaceful backdrop of mature woods. This is outdoor living at its best. The inviting family room is designed for both everyday living and entertaining, showcasing a dramatic floor-to-ceiling stacked stoneWOOD-BURNING FIREPLACE that serves as the centerpiece of the home. A convenient laundry/mud room has direct access to the attached two-car garage completes the main level. Upstairs, the enormous primary suite offers the perfect PRIVATE RETREAT with a tray ceiling, ceiling fan, spacious sitting room ideal for a NURSERY or reading room, both walk-in and reach-in closets, and a luxurious en-suite bath featuring dual vanities, a deep jetted SOAKING TUB, custom ceramic tile shower, ceramic tile flooring, and tray ceiling. Bedrooms two, three, and four are all generously sized and each offers ample closet space and ceiling fans. They share a beautifully remodeled hall bath complete with dual sinks, skylight, ceramic tile flooring, and a custom frameless glass shower enclosure. The FULLY FINISHED lower level expands your living space with a massive recreation room, dedicated theater/media room, full bath, and a versatile BONUS ROOM PERFECT FOR A POSSIBLE 5TH BEDROOM, home gym, hobby room, craft room, or whatever best fits your lifestyle. You'll also appreciate the numerous recent improvements that provide both value and peace of mind, including upper-level air conditioning (2024), water heater (2024), roof (2016), and stainless steel kitchen appliances (2017) just a few of the many thoughtful updates made over the years. Residents enjoy an active homeowners’ association with outstanding amenities, including multiple swimming pools, tennis and pickleball courts, bike, jog, and walking paths, volleyball and basketball courts, picnic areas, tot lots, and so much more. The highly regarded and tremendously desirable Russett community is strategically located between Baltimore and Washington, DC, offering exceptional convenience. Just minutes from Fort Meade, NSA, APL, major commuter routes, the Laurel MARC–Camden Line train station, shopping, dining, historic Laurel, and BWI Airport. It's all right here waiting for you! Don't miss this rare opportunity to make this exceptional property YOUR NEXT HOME! All information deemed accurate but not guaranteed.
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.
