8510 Bonny Dr District Heights, MD 20747
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About this home
Welcome to this charming and updated rancher rambler located in the desirable District Heights area. This spacious home offers 6 bedrooms and 2 full bathrooms, providing ample space for comfortable living. Step inside to find a beautifully updated interior. The kitchen features modern appliances, including a large LG refrigerator, a costly full home water filtration system , and stylish backsplash tile. The bathrooms have also been recently updated, with one showcasing elegant marble-style tile and a unique dotted tile floor in the shower. This home offers a fantastic opportunity for energy independence and savings! Included in the sale are fully paid-off solar panels, providing you with the immediate benefit of reduced or eliminated electricity bills. This is a significant value-add that not only saves you money but also increases the home's appeal and future resale value. The home boasts a versatile floor plan. The lower level offers a large, finished space perfect for a family room or home office, complete with a brick fireplace and a walk-out door to the backyard. The flooring throughout the house is a mix of wood-style laminate and durable tile, giving a clean and contemporary feel. Outside, you'll find a private driveway for convenient parking and a big backyard, perfect for outdoor activities and entertaining. The property includes two sheds, one of which is a two-level, providing plenty of storage. The roof is only two years old, offering peace of mind for years to come. This home combines classic rancher style with modern updates, making it a perfect blend of comfort and convenience. Don't miss the opportunity to make it yours!
Source: BRIGHT #MDPG2164382
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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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