25411 Cascade Rd Cascade, MD 21719
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About this home
Ever thought about living in a home with a visually stunning Bavarian flair? You're thinking that's only available in Austria and Switzerland, right? Well you are mistaken! Feast your eyes on this gorgeous renewed two story stucco home waiting for you in the calm, serene mountaintop community of Cascade Md. Larger than it looks, and situated on over an acre that is gently sloping , this home features four bedrooms, living room, dining room, extra large kitchen with additional pantry, office, bathroom upstairs with new toilet and vanity, shower room first floor, small balcony off the back bedroom, one bay garage with plenty of extra storage room alongside the bay as well as in the attic, 8'x12' storage shed with full power and painted to match the house, chain link fenced 15' x 15' dog yard, and a huge deck off the backside of the house perfect for entertaining. On the back side of the house where the yard ends at the wildlife area, there is a rustic log bench where you will love just sitting, meditating, and enjoying the splendid peace and quiet of this private lot! With the following improvements, the house needs nothing: new roof, new windows, new asphalt driveway, new central AC, new downspouts, new sewer pipe, new interior six panel matching doors, refinished genuine oak and pine wood floors, new interior door knobs and hinges, new exterior door knobs all keyed the same, new paint, new blinds, new sheers, three new closets, new cut glass kitchen cabinet knobs, electrical and plumbing repairs as needed, dignified laundry room in basement, lots of storage in basement, excellent sump pump, stainless appliances in kitchen, and last but not least: three like new heating options – oil furnace, propane heater living room, pellet stove dining room. Keep warm with the source of your choice and delight! Housing choices can be challenging, mundane and ho-hum. Not here. Come take a look- a move you will never regret!
Source: BRIGHT #MDWA2031712
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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.