2072 Pomona Way Frederick, MD 21702
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About this home
Best Value in The Preserve at Tuscarora Creek and NEW PRICE at 599k! This immaculate 3-year-young Colonial backs to trees and offers unbeatable privacy, a maintenance-free deck, and a fully fenced yard, ideal for entertaining. You'll love the curb appeal and charming front porch that welcome you home. Inside, enjoy an open-concept main level with luxury vinyl flooring, a bright family room with electric fireplace, and a stylish kitchen featuring a large granite island and seamless flow to the rear deck. A dedicated home office with built-ins completes the main level. Upstairs, find a spacious loft (easily convertible to a 4th bedroom), a massive primary suite with walk-in closet and en-suite bath, plus two additional bedrooms, a hall bath, and laundry room for added convenience. The walk-out basement is mostly finished, with framing and rough-ins for a 4th bedroom and full bath, just waiting for your finishing touches. Plenty of storage, too! Buyers can join the Clover Hill Pool for $425 a year!! All this in a sought-after location near Wegmans, Fort Detrick, and downtown Frederick. Don’t miss the best-priced single-family home in the neighborhood—schedule your showing today!
Source: BRIGHT #MDFR2072028
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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.