15418 Peach Orchard Rd Silver Spring, MD 20905
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About this home
Ask about the rare opportunity to assume the existing 2.125% APR VA loan (for qualified buyers). Nestled in the peaceful enclave of Silver Spring, this distinguished Colonial-style residence blends timeless charm with modern comfort. Spanning approximately 3,010 square feet, the home is designed for both everyday living and gatherings, with a seamless balance of open and traditional floor plan elements. What truly sets this property apart is its outdoor setting. On a sprawling 0.68-acre lot, the home backs to protected county green space, offering privacy and scenic natural beauty. Mature trees (including fruit trees) and open lawns create the perfect backdrop for a garden retreat, play area, or summer entertaining. Whether hosting friends, enjoying morning coffee, or simply unwinding, this yard invites you to embrace outdoor living. Inside, the home continues to impress with rich hardwood floors, crown moldings, and abundant natural light. The formal dining room flows into a spacious eat-in kitchen, while the adjacent living area centers around a cozy fireplace. Upstairs, the primary suite provides a private sanctuary with a spa-inspired bath with double vanity, jetted tub and a seperate shower. Three additional bedrooms offer flexibility for guests, a home office, or hobbies. The finished lower level expands the living space with a large recreation room, wet bar, bonus room , and full bath ideal for extended stays or leisure. This property is more than a residence it’s a lifestyle, designed for those who value elegance, comfort, and a connection to nature.
Source: BRIGHT #MDMC2197102
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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.