Luxurious Living Meets Timeless Comfort in Upper Marlboro Nestled on a serene, semi-private wooded lot, this impeccably maintained three-level residence offers over 6,900 square feet with the perfect blend of elegance, comfort, and modern updates. Featuring 4 spacious bedrooms, 4 full bathrooms, and 1 half bath, this exceptional home is designed for both everyday living and effortless entertaining. Step inside to soaring 20-foot ceilings in the dramatic family room, where expansive windows flood the space with natural light. Enjoy formal and casual living with an elegant dining room, private office or den, and a beautiful sunroom that creates the perfect retreat year-round. The gourmet kitchen is a standout, complete with a breakfast area and two pantries, including an oversized custom pantry with extensive shelving for unparalleled storage and organization. The luxurious primary suite is a true sanctuary, featuring three walk-in closets, including a custom dressing area, and a spa-inspired bathroom accessed through stunning arched barn doors. Indulge in dual vanities, separate private water closets, an oversized walk-in shower with built-in seating for two, and a relaxing soaking tub. Additional highlights include a private en-suite guest bedroom, two secondary bedrooms connected by a Jack-and-Jill bath, and a partially finished basement offering a recreation area, exercise room, full bath, and abundant storage space. Extensively updated throughout, the home boasts new hardwood flooring in all upper-level bedrooms, new luxury vinyl plank flooring in the basement, refreshed paint, upgraded lighting and ceiling fans, renovated bathrooms with new countertops and fixtures, quartz countertops in the primary bath, custom shelving, decorative moldings, an enhanced laundry room, painted garage, updated front porch, new mailbox, and numerous designer touches throughout. This move-in-ready home combines luxury, functionality, and exceptional craftsmanship in one of Upper Marlboro’s most desirable settings—a rare opportunity you won’t want to miss.
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.
