Welcome to this amazing Colonial home with incredible indoor and outdoor entertainment spaces, beautifully set on 3.14 acres with an expansive 3-car garage. This property offers privacy, sitting well back from the street and is backed by lush, stately trees. Mere minutes from commuter routes and downtown Sykesville, once you are home you won’t want to leave with everything this home offers! The wrap-around front porch is expansive and gives opportunities for relaxation and conversation. Upon entry, the foyer, stairs, formal living room, formal dining room, and front office gleam with oak hardwood flooring. These rooms are spacious and storage is plentiful in the main hall. A well-equipped kitchen offers stainless steel appliances, granite countertops, light-hued cabinetry, recessed lighting, and an island with seating. Two skylights, walls of windows and a sliding door brighten the adjoining dinette giving a warm, sunroom feel. A step-down carpeted family room and a half bath complete the main floor. The converted two‑car garage now serves as a spacious, fully finished office with separate entrances from both the house and the driveway—ideal for an in‑home business. Its private exterior access also makes it an excellent candidate for a main‑level in‑law suite conversion. With 9‑foot ceilings, abundant natural light, bright laminate flooring, and its own dedicated heating and cooling unit, this versatile space feels open, comfortable, and inviting. The upper level offers a primary suite, three additional bedrooms, and a hall full bath. Of note is the completely and beautifully renovated primary en-suite! Exquisite tile work is showcased in the walk-in shower and an accent wall. Other highlights are a chic soaking tub and immense vanity with dual sinks. Housed on the lower level is all you need for game nights, movies, and entertaining the whole team! There is a 1950’s-style diner/bar complete with chrome seating, glass block, and checkerboard tile. The theater room harkens back to old Hollywood with red velvet theater seats for 8 and a stage “curtain.” There is a pool table that conveys and many closets for storage. An exterior side door exits onto a stone patio with a fire pit. A half bath and the laundry room are also on this level. The back yard is your private oasis and boasts beautiful landscaping. A tiered deck takes you to the screened porch, a grill station, built-in hammock posts, seating space, and the heated, saltwater in-ground pool. A basketball hoop is installed on the driveway near the charming carriage-style detached and expansive three-car garage. The three‑car garage provides generous storage space, including a rear area ideal for tools or a riding lawn mower with its own dedicated rear entry. Interior stairs lead to a fully floored upper level, perfect for additional storage or ready to be finished as a hobby room or potential accessory dwelling unit. Also of note is the whole-house backup generator. This is an ideal location! Surrounded by nature, hiking trails in the Hugg Thomas Wildlife Management Area (275 acres) are 3 miles away! Downtown Sykesville is only minutes away. A historic preservation district, the town has a charming Main Street offering shopping, restaurants, concerts & festivals. Piney Run Park is just a few miles away and features a 300-acre lake with fishing & boating and over 5 miles of trails. Driving north on route 32, this home is located minutes from Eldersburg/Route 26 with restaurants, shops, grocery stores and more! Driving minutes to the southeast finds you at Waverly Woods and Turf Valley commercial areas with even more restaurants and stores. There is easy access to commuter routes 32 and 97, which will have you traveling on I-70 in no time at all. Come make lasting memories in this home! View the 360 Photo Tour!
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.
