Townhome Coming Soon at The Lakes at Stansbury Shores ***A one-year Americas Preferred Home Warranty will be purchased for the new lucky buyers. Welcome home to this beautifully updated modern-style townhome in The Lakes at Stansbury Shores. Well-maintained and move-in ready, this home offers the perfect blend of comfort, style, and convenience. Enter through either the front door or garage into a spacious lower level featuring a large, versatile room that can easily serve as a bonus bedroom, entertainment area, home office, or playroom. This level opens directly to the walk-out patio and fenced backyard, creating an ideal space for relaxing after a long day or hosting friends and family. A stylish gray-washed wood accent wall and custom trim molding add warmth and character to the family room. Upstairs, the main level offers an inviting open-concept layout with custom finishes throughout, including a wine barrel wood accent wall and a stone half wall with trim. The kitchen features ample cabinet space, sleek countertops, and a beautifully finished stone island that is perfect for both everyday living and entertaining. Natural light fills the living and dining areas, while ceiling fans in both the living room and breakfast nook add extra comfort. Step outside onto the beautiful deck overlooking the lake, the perfect place to enjoy your morning coffee, unwind in the evening, or simply take in the peaceful water views. The upper level includes a spacious primary suite with an updated en-suite bath and easy-access pull-down steps to additional attic storage, along with two additional bedrooms and a full hall bathroom. All bedrooms include ceiling fans for year-round comfort. The backyard has also seen thoughtful improvements. In 2017, the entire yard was redone from the back door to the fence, including an overlay of the existing concrete slab with a single step down to the new backyard patio, which connects to the existing deck stairs. The remaining yard was regraded, downspout drains were extended to the property line, and fresh-cut Tall Fescue was installed throughout. Additional updates include: Back roof replaced in May 2022 Front roof replaced in September 2023 Front shutters repainted in August 2024 New AC unit The Lakes at Stansbury Shores community offers scenic walking paths around the lake, peaceful water views, and a welcoming neighborhood feel. Conveniently located near shops, restaurants, and just a short drive to Baltimore, state parks, public boat ramps, and the Chesapeake Bay, this location is ideal for those who enjoy hiking, boating, biking, and outdoor living. Even better, Hard Yacht Cafe on the water is just about a 5-minute walk away. This home truly offers the lifestyle so many buyers are looking for. Come see it today — it might be the one you’ve been waiting for.
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.
