13003 Pickering Dr Germantown, MD 20874
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About this home
This charming Colonial townhouse in the desirable Churchill Town Sector offers a blend of comfort and convenience. Built in 1983, the home features a traditional floor plan with a fully finished basement, providing ample space for relaxation or entertainment. The interior boasts a mix of ceramic tile, engineered wood, and hardwood flooring, enhancing its aesthetic appeal. The kitchen is equipped with modern appliances, including a built-in microwave, dishwasher, electric oven/range, and a washer and dryer, making daily tasks effortless. The dining area is perfect for gatherings, while the attic provides additional storage options. Outside, the property is framed by well-maintained sidewalks, promoting a walkable neighborhood. With assigned parking for two vehicles, accessibility is a breeze. The lot size of 0.04 acres offers a manageable outdoor space without the burden of extensive upkeep. Located in a vibrant community, residents enjoy proximity to local amenities such as parks, shopping centers, and dining options. The neighborhood is well-connected, ensuring easy access to transportation routes for commuting or exploring the surrounding area. This property presents an excellent opportunity for those seeking a low-maintenance lifestyle in a welcoming environment. Don't miss your chance to make this townhouse your new home!
Source: BRIGHT #MDMC2203710
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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.