Luxury Living with Extensive Upgrades in a Prime Location Ideally situated between Baltimore and Washington, DC, this beautifully upgraded single-family home offers the perfect blend of luxury, comfort, and convenience. Featuring 5 spacious bedrooms, 3 full bathrooms, and a 2-car garage, this home is thoughtfully designed for modern living. The fully finished basement expands your living space with a versatile layout that includes a gym or guest bedroom, full bathroom, entertainment area, bar, and a private entrance—perfect for guests or multi-generational living. Throughout the home, you’ll find high-end enhancements including a full alarm system, surveillance cameras, motion lighting, and CAT 6A ethernet wiring in every room, supporting speeds up to 10 Gbps—ideal for work, streaming, and smart home integration. 2025 New HVAC BOTH interior and exterior The heart of the home is the completely renovated kitchen and dining area, featuring 42” cherry wood cabinetry, plank wood-look ceramic tile flooring, and a stunning oversized 7’ x 3.5’ granite island. An upgraded pantry with custom wood shelving and built-in lighting adds both beauty and functionality. Step through elegant Pella patio doors with internal blinds onto a spacious Trex deck—perfect for entertaining or relaxing outdoors. The primary suite is a true retreat, highlighted by an expanded bathroom with a linen closet, a large walk-in shower with solid granite walls (no grout), granite countertops, and a luxurious Jacuzzi tub with jets and air. The bedroom itself features a mirrored accent wall, recessed LED lighting, and a ceiling fan. Additional bedrooms are generously sized, each with recessed LED lighting and ceiling fans, including one with an upgraded 36” door for enhanced accessibility. The laundry room has been upgraded with custom wooden shelving, and the garage is finished with epoxy flooring, painted walls, recessed lighting, an insulated door, and both keypad and remote access. Outdoor living is just as impressive, featuring a full-size deck with step lighting and skirting, a concrete patio, a storage shed, and raised garden beds in both the front and backyard. A line of mature trees provides exceptional privacy, while a new roof (2023) and a blacktop driveway with a paver border complete the property. Please give grace to the sellers, as furniture, boxes, and items are in place for the movers, not necessarily for daily living. :-)
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.
