315 Ladson Rd Silver Spring, MD 20901
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About this home
This is a VA Assumable Loan! See Docs for details. Welcome to this enchanting Cape Cod home nestled on a peaceful, one-block street in the highly desirable Northwood Village neighborhood. This special property combines classic charm with modern comfort, all within convenient reach of downtown Silver Spring. Set on a generously sized, beautifully landscaped lot, this home invites you in with warm hardwood floors that flow throughout the main level. You'll love the recently renovated kitchen with white cabinets and quartz counters. The spacious main level primary bedroom is a true retreat, featuring a dedicated office space and a cozy sitting room area—perfect for morning coffee or evening relaxation. Upstairs, you'll discover 2 additional bedrooms, a full bath, and a den/study area that offers wonderful flexibility as a fourth bedroom, home office, or creative space. Fully paid for solar panels will save you money on electricity (see utility cost disclosure). When the solar panels were installed in 2019, a new roof was installed. The water heater is less than one year old. The thoughtfully designed floor plan provides both gathering spaces and private corners for everyone. Step outside to your own private oasis: a welcoming patio opens to a fully fenced backyard with a storage shed, ideal for entertaining, gardening, or simply enjoying quiet moments outdoors. This is more than just a house—it's a home with character and warmth waiting to embrace its next chapter. Come experience the magic for yourself!
Source: BRIGHT #MDMC2204678
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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.