26579 Yowaiski Mill Rd Mechanicsville, MD 20659
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About this home
Welcome to this inviting three-bedroom, two full bath home nestled on a spacious plot of land in a quiet countryside setting. Designed for comfortable living, the interior offers 1,152 square feet of thoughtfully laid-out space. Step inside to discover a warm and inviting layout highlighted by a cozy fireplace, creating the perfect gathering spot in the cooler months. The home includes a bright and quiet primary bedroom with an ensuite bath, while two additional bedrooms offer flexibility for guests, a home office, or hobbies. The additional full bath adds convenience for visitors and everyday use. Enjoy the outdoors with a generously sized lot, offering plenty of space for gardening, recreation, or simply relaxing in nature. The wide-open surroundings provide a sense of retreat while still offering room to expand or customize your outdoor lifestyle to fit your needs. Located in a serene community, the property is surrounded by natural beauty and offers a sense of privacy not often found so close to local conveniences. Whether you're looking for a peaceful full-time residence or a weekend getaway from city life, this home presents a wonderful opportunity to enjoy comfort and space in a quiet neighborhood setting. This is more than just a house—it’s a place where you can feel at home, inside and out. Don’t miss your chance to explore the potential this property offers. If the property was built prior to 1978, Lead-Based Paint may Potentially Exists. This property *MAY* qualify for seller financing (VENDEE).
Source: BRIGHT #MDSM2027936
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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.