8739 Cimarron Cir Parkville, MD 21234
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About this home
MOTIVATED SELLERS! Gorgeous Brick Front 3 Bedroom, 2 Bath Townhome. The main floor has New Luxury Vinyl Flooring in the Living Room and Dining Room. Kitchen has Stainless Steel Appliances and Butcher Block Countertops, Refrigerator with Ice maker (2022), New Garbage Disposal, Gas Range and Built in Microwave. The Kitchen walks out onto the Covered Patio and Fenced Yard. Upstairs has 3 large Bedrooms and a Full Bath with Ample Storage. The lower level has a Half Bath and a Finished Bonus Room that could be used for a second living area, home office or home gym.. The Lower Level also has a Storage Area and Laundry Room with Brand New Washing Machine, a Wash Tub and Dryer. Other upgrades to this home are New Front Storm Door(Master Seal) , New Gutters, Electrical Panel Replaced in 2018, Fence from Long Fence 2018, New Shutters, Track Lighting Upstairs in Hallway, Replacement Vinyl Windows, Sump Pump with 2 Battery Back Ups, 30 Year Architectural Shingle Roof and New Gas Line from BGE 2025. This home is close to Rt 695, Rt95, Shopping, Restaurants and Parks.
Source: BRIGHT #MDBC2143312
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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.