6315 Dusty Trail Pl Hughesville, MD 20637
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About this home
Here's your chance to own a fabulous home in Hughesville, MD! Clocking in at approximately 4400 Sq. ft., and sporting an oversized detached 2 car garage (with included car lift) This home is going to surprise you! Not only does the home offer a large lot surrounded by trees, but it ALSO includes 1 ADDITIONAL Perc'd lot that is over three acres! Not only does it have vaulted ceilings on the main level and HUGE kitchen and Dining rooms, but it also has the space and rough ins to add a second FULL KITCHEN in the basement! That's right, the basement can actually be used as a second dwelling unit if you so desire, or use the space to create the ultimate home entertainment center! Don't forget to check out the new asphalt driveway and the newly installed composite deck on the rear of the home and of course, what home would be complete without the additional office and hobby rooms on the main level! The hardwood floors on the main level still look new and there is endless possibility to make this house the perfect place to call home! In addition to the natural beauty of the lot ßand location, the home is also located just moments away from the Patuxent river which offers nearby fishing and boating opportunities for a quick weekend escape.
Source: BRIGHT #MDCH2030222
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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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