95 Frederick Cir Swanton, MD 21561
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About this home
Lake Access Living in Sought-After Sky Valley! Nestled on a peaceful cul-de-sac in the desirable Sky Valley community at Deep Creek Lake, this beautifully updated 4-bedroom, 2.5-bath lake access home offers the perfect blend of rustic charm and modern convenience. Set on a spacious 1.26-acre wooded lot, this home features brand new stainless steel kitchen appliances, granite countertops, and durable LVT flooring throughout for easy lake-life living. The inviting interior boasts vaulted wood ceilings, a stunning stone fireplace with gas log insert in the main living area, and a cozy wood-burning stove for chilly mountain evenings. Enjoy outdoor relaxation from the upper-level deck balcony or unwind on the back porch with its covered sitting area — ideal for quiet mornings or entertaining guests. A one-car attached garage adds convenience and storage space. Sky Valley is one of Deep Creek Lake’s most unique lake access communities, featuring boat slip availability through the HOA waitlist, the lake’s only community boat ramp, a private beach with roped-off swim areas and docks, a sport court, playground, fishing pond, and private roads. Whether you're looking for a full-time residence or a vacation mountain getaway, this home offers lake access, amenities, and privacy all in one. Don’t miss your chance to be part of one of Deep Creek’s most treasured communities!
Source: BRIGHT #MDGA2009894
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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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