This desirable Brentwood rancher model in popular Brunswick Crossing checks everything on your wish list for convenient one-level living and more! This property still feels brand new and is located on one of the most charming streets in the neighborhood with a beautiful open green space and playground. The pretty landscaped yard welcomes you into the expansive main level which features an open floorplan with cathedral ceilings in the heart of the home. The first thing you will notice is the beautiful foyer with archways, and the hickory hardwood floors which add warmth and character. The gourmet kitchen features high end ivory cabinetry, pantry, and stainless steel appliances that haven't really been used, including double wall ovens and gas cooktop. The island has both extra storage and seating, and there's space for formal dining table as well in the back of the home by the deck door. The kitchen opens up to the lovely family room with a cozy and elegant stone fireplace. The primary suite is really lovely with a sitting room bump out with many windows and an upgraded bathroom with beautiful tile, double showerheads, and huge walk-in closet. Towards the front of the home, there is a secondary bedroom with full bath as well as an office with French doors, and the garage entrance with laundry room nearby. Upstairs is a large third bedroom and third full bath, perfect as a teen suite or for long-term guests who want additional privacy. Downstairs features a whopping 1,879 sq ft out of which the daylight rec room is finished with full walkout. There is a rough-in already in place for a bar. The full 4th bath is located here, and there's much more space to finish into a media room, hobby room or anything else that you can think of, or keep as practical storage. The backyard is level, and offers lots of potential for your vision to come to life. What sets this house apart is that it's so gently lived in. The homeowner just installed new carpet in the large rec room, and the bedrooms have mostly stood empty. Brunswick Crossing offers a unique lifestyle with top notch amenities for active lifestyles, including swimming pool, tennis courts, soccer field, baseball field, basketball courts. beach volley, dog parks, community garden and beautiful walking trails nestled for miles throughout the community. The community center offers activities throughout the year, and can be rented for your personal events. The MARC train station in Brunswick makes commuting to DC relaxing, and there are good commuter roads as well. Dulles is 45 mins away and DC and Baltimore about an hour. Stay local and enjoy the beautiful scenery of the C&O Canal, towpath and the Potomac river, the Harpers Ferry National Park and the many wineries nearby. Welcome Home!
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.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
