Welcome home to 8316 Jumping Field Court, a stunning residence with almost 3700 total square feet and perfectly situated on a large .57-acre lot in the highly sought-after Ellicott City neighborhood of Montgomery Meadows. From the moment you arrive, you are greeted by a breathtaking, light-filled two-story entrance that sets a sophisticated and welcoming tone for this beautiful 4-bedroom, 3.5-bathroom home. The flowing main level is perfectly designed for both entertaining and everyday comfort, featuring the ultimate convenience of a dedicated main-level laundry room. Sophisticated features, recessed lighting, LVP flooring, and all the other little touches continue to enhance the home's appeal. Embracing a seamless open-concept design, the kitchen and adjoining family room serve as the undeniable heart of this home, providing the ultimate setting for entertaining guests or enjoying cozy family gatherings. The spacious family room is bathed in natural light, courtesy of oversized windows and sliding glass doors that effortlessly connect your indoor and outdoor living spaces. Prepare to fall in love with the beautifully updated kitchen, an inspiring culinary space showcasing gleaming granite countertops, sleek stainless steel appliances, and a central island. Access from the kitchen leads directly out to your massive Belgard paver patio, further expanding your entertainment options with a fantastic setup! Completing the main level is the spacious living room and formal dining room. Upstairs, the expansive primary suite serves as a peaceful retreat, complete with a generous walk-in closet. The private en-suite bathroom is designed for convenience, boasting a dual vanity that offers abundant storage and streamlines busy morning routines. Three additional well-appointed bedrooms and a second large bathroom, which also features a double vanity, perfectly round out the upper level. A recently renovated lower level dramatically expands your living space. This versatile area showcases a large recreation room perfect for gatherings, game days, or movie nights, along with a dedicated space ready to become your dream home workout studio. Completing this fantastic lower level is a newly renovated full bathroom for ultimate convenience, as well as a large storage room to keep your home perfectly organized. Step outside to discover your own private outdoor oasis, where a large, custom paver patio overlooks a spacious, lush backyard. It is the ideal setting for hosting summer barbecues, playing lawn games, or simply enjoying a peaceful morning coffee. Located in the desirable 21043 zip code, this home offers tranquil suburban living with unbeatable access to top-rated schools, local parks, and the historic charm of Ellicott City, all while providing an easy commute to Baltimore, Columbia, and Washington D.C.
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.
