749 Raven Ave Gaithersburg, MD 20877
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About this home
Open House Sun, 11/2- 2-4PM** Welcome to The Glen at Hidden Creek! This turn-key brick-front home offers nearly 2,700 total sqft of beautifully designed living space in a peaceful, amenity-rich community. Upon entry, enjoy the oversized, sun-drenched living room perfect for both entertaining or unwinding. A half-bath, kitchen & dining area complete the main level. The spacious kitchen is equipped to support everything from quick weeknight meals to elaborate dinner parties; featuring brand-new quartz countertops, engineered hardwood flooring, center island with gas cooktop, 40” wood cabinetry, stainless steel appliances, and a generous pantry. Cozy up by the gas fireplace or enjoy quiet moments on the balcony. Upstairs, you’ll find 3 bedrooms, 2 full baths, and a conveniently-located high-capacity washer & dryer. The serene primary suite offers private wooded views, walk-in closet, and a luxurious ensuite with relaxing soaking tub, oversized shower, and double vanity. The walk-out basement has a 4th bedroom, full bath, and rec room large enough to create the perfect space catered to your needs. Enjoy added storage, brand-new carpets & fresh paint throughout. A 2-car detached garage backs to trees. The community boasts several amenities to enhance time at home. A tot lot is just across the street and behind the home are paved trails in the protected woods. An ingeniously designed pool has something to offer all ages. Other perks include a clubhouse, 24-hour gym, landscaping, and trash/snow removal. Prime location: Minutes to Shady Grove Metro, ICC, I-270, and walkable to Old Town, MARC train, Starbucks, breweries, shops & dining including the exciting future redevelopment of Lake Forest Mall. Don't miss the 3D Matterport & video tours!*
Source: BRIGHT #MDMC2199644
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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.