Tucked away on a private half-acre lot backing to protected parkland and trails, this beautifully updated home offers the perfect blend of indoor comfort, outdoor living, and move-in-ready peace of mind. With over 2,500 finished square feet, four bedrooms, three full bathrooms, and a two-car garage, this home has been thoughtfully updated and impeccably maintained. A welcoming foyer opens to bright, light-filled living spaces designed for both everyday living and entertaining. The custom kitchen serves as the heart of the home, offering excellent sightlines to the family room and backyard beyond. A formal dining room provides the perfect setting for gatherings, while expansive windows fill the home with natural light. The main level features a spacious primary suite with an updated ensuite bathroom and peaceful views of the lush backyard, along with two additional bedrooms and a beautifully renovated full bathroom. The lower level offers a cozy retreat with a wood-burning fireplace, fourth bedroom or office, full bathroom, dedicated laundry room, and abundant storage space. Outside, the magic continues. Enjoy morning coffee on the screened porch, entertain on the 400-square-foot flagstone patio, or simply unwind in the expansive fully fenced backyard. Whether gardening, playing with the kids, hosting friends, or throwing a ball for the dog, this outdoor oasis offers endless possibilities in a remarkably private setting. The current owners have invested more than $80,000 in improvements, including an updated kitchen and bathrooms, HVAC (2024), cedar fence (2024), roof (2019), windows (2020), hot water heater (2022), chimney improvements (2026), and kitchen appliances (2020). As an added bonus, qualified buyers may take advantage of an assumable VA loan with an attractive 4.625% interest rate and approximate balance of $748,996. A rare combination of thoughtful updates, exceptional outdoor living, and a picturesque parkland setting—8809 Gateshead Road is ready to welcome you home.
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.
