12124 Skip Jack Dr Germantown, MD 20874
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About this home
Gorgeous and Well-Maintained End-Unit Townhouse in the Highly Desirable Gunners Lake Community, Germantown! Welcome to this beautiful 3-bedroom, 3-bathroom end-unit townhouse completely renovated in 2019. The home features a charming Craftsman-style entrance with hardwood floors, leading into a stunning gourmet kitchen with white quartz countertops, elegant white cabinetry, and a matching pantry. Stainless steel appliances and a breakfast bar island create the perfect space to enjoy your morning coffee. The open-concept main level offers a bright living and dining area centered around a lovely wood-burning fireplace — perfect for cozy fall and winter nights. From the living room, step out onto the spacious deck to enjoy fresh air and peaceful afternoons. Upstairs, you’ll find three bedrooms, including a primary suite with a private full bath, plus two additional bedrooms that share a second full bath. The fully finished walk-out basement offers a comfortable family room with independent access to the fenced-in backyard. It also includes plumbing rough-ins for a future half bath and access to the one-car garage. Recent updates include a new HVAC system and water heater (installed around 2020). The property is conveniently located near I-270, within walking distance of scenic jogging trails around Gunners Lake, and close to restaurants and the popular Milestone Shopping Center. This home also comes with a one-year home warranty for your peace of mind. Don’t miss this opportunity — schedule your showing today!
Source: BRIGHT #MDMC2204418
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FAQs
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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.