206 Mustang Ct, Gambrills, MD 21054
4 beds · 3 baths · 2,259 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Renovated, Peaceful & Move-In Ready, Welcome to 206 Mustang Court, a secluded, beautifully renovated home tucked away at the end of a cul-de-sac in one of Gambrills’ most private wooded neighborhoods. Sitting on 2 tranquil acres, this home is a rare find—offering modern updates, abundant storage, and an unbeatable connection to nature. From the moment you step onto the expansive back deck, you’ll understand what makes this property special. Surrounded by mature trees, birdsong, and wildlife—including deer, owls, foxes, and hummingbirds—you’ll feel like you’re in a treehouse sanctuary. The rear deck is wired for a future hot tub and was a favorite outdoor workspace for the current owners, who both worked from home and spent spring, summer, and fall days working, dining, and relaxing outdoors in total privacy. Inside, enjoy a fully updated interior featuring: A gourmet kitchen with quartz countertops, soft-close cabinetry, stainless appliances, beverage fridge & wine cooler, Beautiful new flooring, modern lighting, and new neutral paint throughout, Updated bathrooms with stylish tile and finishes A freshly painted walkout basement, ready to customize for a gym, studio, or rec space. Wired for a generator, offering added peace of mind, A privately built fire pit and playground area offer the perfect setting for backyard camping, kids at play, or starlit gatherings. This is your own personal park—quiet, secure, and not shared with the community. For added recreation, the neighborhood includes a separate HOA-maintained park just a short drive away with tennis courts (lined for Pickleball), basketball court, and open green space with a party pavilion. BONUS: $5,000 Buyer Credit at Closing – Use it toward a bathroom/basement upgrade or make it your own with personalized touches. Additional highlights include 4 spacious bedrooms, 2.5 baths, Long private driveway for ultimate seclusion, Naturally wooded landscape—low-maintenance, serene, and full of wildlife, Welcoming neighbors and low annual HOA dues ($300), all this and Convenient to Waugh Chapel shopping, Fort Meade, Annapolis, and commuter routes, Whether you’re looking for a peaceful retreat, an outdoor lifestyle, or a move-in-ready home with room to grow, this property offers it all. Private showings now available—come experience this rare offering in person.
Source: BRIGHT #MDAA2095682
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: BRIGHT #MDAA2095682
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.