8207 Reveille Ct Walkersville, MD 21793
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About this home
Welcome to this fantastic home on a peaceful retreat, near Heritage Park! This split level home offers spaces for so many uses and no HOA! The main level incorporates hardwood floors throughout the living area, with a large living room, dining room, and modestly updated kitchen, offering plenty of cabinetry, updated countertops, and newer appliances. Exiting to the yard, you'll find a screened in porch, large deck, and plenty of yard space, backing to mature trees and open fields. Upstairs, a large primary bedroom is complete with en suite bath, vanity area, and walk-in closet. Two additional bedrooms (will be painted by the time showings start) share a full bath, with one bedroom allowing for a spacious living area, the other perfect for overnight guests or a modern office space. The basement is split into two levels. The first level offers additional living space, perfect for a rec-room or play area, with a full bath and walkout basement. Laundry and systems are located on this level, to ensure a short distance from bedrooms. The lowest level is partially finished and would be perfect for a hobbyist or play area, also. All major systems for this home have been updated, giving you unmatched piece of mind - less than (10) year old roof, HVAC (3) years old, Water Heater is just (1) year old. An installed Solar System keeps energy costs low and peace of mind on this well maintained home, are items that show its potential. Just a few minutes from Walkersville and located in Walkersville school district. Close to Major Commuter routes and just a few minutes from Downtown Frederick, with plenty of peace and privacy for your daily enjoyment. Schedule your showing today!
Source: BRIGHT #MDFR2072272
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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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