39560 Jacobs Ln Mechanicsville, MD 20659
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About this home
Welcome home to one level living on this gorgeous corner lot with 2.85 acres in Mechanicsville . The seller has kept this home in meticulous condition and it shows! As you enter the living room area you will see a beautiful gas stone fireplace which is the focal point of the open floor plan. The high ceilings have a decorative beam that enhance the living area. The upgraded kitchen opens up to the living area with stainless steel appliances, gas stove, new dishwasher, granite countertops, island, spice rack, and recessed lighting. Next to the kitchen is a separate eat-in area with bay window views of the trees and backyard area. You also have a separate dining area for year round hosting and entertaining. An abundance of storage space throughout the home includes multiple closet areas and a pantry for your goods! The large primary suite located at one end of the home provides endless privacy. It comes with an upgraded bathroom with a dual vanity and and a tiled stand up shower. One of the additional three bedrooms was used as a craft room and has an attached cabinet with a countertop to work on your crafts! A recently installed AC unit and five ceiling fans throughout the home to keep you cool! You will not want to miss out on relaxing or eating crabs in the 12X16 screened porch or soaking out in the hot tub! The grill area is all ready to go with a gas hookup - no tanks needed! The crawlspace was professionally done and has a yearly contract for servicing. The large attached garage holds up to two vehicles and the detached garage can hold up to four vehicles. The car lift in the detached garage is included - perfect for the car enthusiast! The pergola which is attached to the detached garage provides another area to sit outside and relax! Professionally landscaped yard with a sprinkler system to keep your lawn green during those hot summers!
Source: BRIGHT #MDSM2027294
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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.
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