Enjoy peaceful lake views and spacious living in this beautifully updated Montgomery Village home. Offering over 3,700 square feet, this inviting residence features 5 bedrooms, 4 full baths, and 2 half baths, providing plenty of room for everyday living, entertaining, and hosting guests. The kitchen, fully renovated in 2022, is the heart of the home, featuring ample workspace and a sunny breakfast nook perfectly positioned to take in the views. Just beyond, the expansive deck overlooks the lake, creating an ideal setting for morning coffee, outdoor dining, or simply enjoying the surrounding scenery. Inside, comfortable living spaces are filled with natural light and designed for both gathering and quiet retreat. A dedicated office with floor-to-ceiling built-in bookshelves offers a warm and functional workspace for remote work, study, or a personal library. The spacious primary suite is a true retreat, featuring a private sitting room that leads into the bedroom, two bathrooms, and ample space to relax. Renovated bathrooms, generously sized bedrooms, and a finished basement with an extra room and a separate storage room provide flexibility and room to grow. Whether you’re entertaining friends, working from home, or unwinding after a long day, this home offers a wonderful balance of comfort, character, and functionality. Major updates completed in 2022 include a new roof, a renovated kitchen, and a replacement AC unit, adding lasting value, efficiency, and peace of mind. Complete with a two-car garage and conveniently located near parks, walking trails, shopping, dining, and commuter routes, this special lake-view property combines thoughtful updates, generous space, and a setting that feels both peaceful and connected. Professional pic on 06/06/26
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.
