812 Cabin John Pkwy Rockville, MD 20852
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About this home
Best in Rockville! Perfectly situated on a quiet, friendly street directly across from the breathtaking greenspace of Dogwood Park, this incredibly spacious, airy, & bright split-level gem boasts stunning refinished oak hardwood floors, a beautifully updated wrap-around kitchen with granite countertops & cabinets galore along with a sizeable eat-in space with its own bay window! The main-level living area features a charming twenty-pane window wall that offers a nod to the home’s mid-century roots and floods the home with natural light along with the dining room’s sliding glass doors that lead to a huge deck overlooking the fully fenced, terraced back yard with plenty of room for sports, gardening, or simply relaxing outdoors with friends. Three same-level bedrooms await upstairs including a primary complete with twin closets & a stylishly renovated en-suite bath, while the lower level features an ample den and highly functional flex room with its own exterior entrance & half-bath, perfect to use as a home office or bonus space for guests. Conveniently close to 270 & 355, an easy walk to Metro, Rockville Town Square, the newly opened Trader Joes, & Bayard Rustin Elementary, and only steps to playgrounds, walking trails, basketball courts, baseball fields, & tennis! Qualified buyers may be able to take advantage of an assumable 3.25% VA loan, please contact listing agent for details.
Source: BRIGHT #MDMC2205340
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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.