Welcome to 315 Parkview Avenue. Have you been dreaming of living in the highly sought after Parklands Community? Where you are seconds from 270 and only minutes to the Kentlands, AstraZeneca and more? Have you been looking for a stunning 2400+ sq ft, modern and updated retreat featuring new carpet, new paint, an oversized walk-in shower and the perfect layout? If so, this is the home for you! The moment you arrive you will appreciate the home's highly desirable location in the Parklands. Once inside, a perfectly placed large rec/office space and half bath is found. Down the hall, the oversized garage is sure to delight. As you ascend to the second level the 12 ft island with custom finishes is sure to catch your eye! The gourmet kitchen offers timeless granite, a brand-new cooktop, a custom backsplash, a stainless range hood, never-ending cabinetry and counter space and a walk-in pantry dreams are made of! It's the perfect place for chefs to cook the day away and not lose a moment with loved ones thanks to the open concept layout. The living room offers a multitude of layout options for every type of furniture/tv placement as well as access to a deck for outdoor enthusiasts. The other side of the second level delights with stunning arched windows, a designated room for dining and a half bath.The eye-catching wide and curving staircase beckons you to the third level, where the upstairs washer and dryer are located, two generously sized secondary bedrooms (one with custom wainscoting!) a vast and modern guest bathroom and the owner's suite. The owner's suite is truly second to none; it is expansive, offers two walk-in closets and an en-suite you'll never want to leave. The walk-in shower is endless and boasts timeless tiles, two shower seats and dual shower heads. If you've been dreaming of the perfect home in a priceless location, this is the home for you. Community center, pool and gym!! Schedule your tour today. Close to NIST, 270, 355, Marc Train, Kentlands, AstraZeneca, Seneca Creek Park, endless shopping and so much more!!! *Virtually Staged*
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.
