12904 Flack St Silver Spring, MD 20906
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About this home
Nestled in a prime and highly sought-after location, this charming 3-bedroom, 2-bathroom single-family home offers the ultimate in convenience and suburban living. Imagine a lifestyle where your daily commute is a simple, pleasant walk to the Glenmont Metro station, freeing you from the hassle of traffic and parking. Just steps from your door, you'll find a variety of popular restaurants and essential grocery stores, making errands and weekend outings effortless. This is more than just a house; it's a gateway to a connected and vibrant community. Step inside to discover a move-in ready haven that is both spacious and inviting. The well-designed layout is perfect for both daily living and entertaining, featuring three comfortable bedrooms and two full bathrooms. With fresh, neutral tones and well-maintained finishes throughout, this home is waiting for you to simply unpack and start creating memories. It presents a blank canvas, ready for you to add your personal touch, all without the need for any immediate projects or costly renovations. Priced competitively and reasonably to generate immediate interest, this is a standout opportunity for first-time buyers, growing families, or savvy investors seeking a valuable property in a transit-oriented location. We invite you to experience the perfect blend of suburban tranquility and urban accessibility for yourself. Don't let this chance to own a low-maintenance, detached home in one of the area's most convenient neighborhoods pass you by—schedule your showing today before it's gone
Source: BRIGHT #MDMC2202078
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Close stress-free in 45 days, handled start to finish by Roam.
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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.