****OPEN HOUSE-SAT 6/13 @ 1-3pm****Heated indoor pool & Spa in Flower Valley! Huge Colonial boats over 5,600 sq ft on main & upper levels. Must see 4 bedroom, 5.5 bath 3 car garage home on a half-acre lot in the highly desirable neighborhood of Flower Valley. So many special features in this home: * Grand Pool Room with 34’ x 11’ heated pool, whirlpool, built-in sound system, 8 skylights & full bathroom; * Gourmet Kitchen with SubZero and Thermador appliances; * First Floor Home Office/Library off the Foyer; * Family Room & Breakfast Room with skylights; * “Friends’ Entrance provides easy access to Pool; * Primary Suite with fireplace, Sitting Room and En Suite with Jacuzzi Soaking Tub; * Junior/Au Pair suite; * Seller owned solar panels; * 6 panel doors throughout…All this with a location that can't be beat: just blocks from Flower Valley Elementary School & pool, Rock Creek Park and Flower Valley Park, just moments to Safeway & restaurants, and a short drive to Metrorail Redline, downtown Rockville & more. The brick walkway and attractive portico on the porch welcome you into the entrance Foyer which offers attractive sidelites to the front door, marble tile flooring, 6 panel interior doors, and coat closets. The center hall includes an oversized powder room with new toilet, pedestal sink, and marble flooring. To the left of the Foyer, the Living Room boasts new carpeting, decorative ceiling trim and dental molding, and a full wall of mirrors. The large, cased opening into banquet sized Dining Room invites you into the bright bay window, dental crown, chair rail and shadow box molding, and chandelier. The beautiful Gourmet Kitchen has a SubZero side-by-side refrigerator, GE Profile double wall oven, Thermador 5 burner gas cooktop with grill insert in the large island, granite counters, a generous pantry with light, and ceramic tile flooring. The expansive Breakfast Room is full of light, boasting 2 skylights with blinds, ceiling fan with light, and two oversized windows with blinds. The gleaming oak hardwood floors grace the oversized Family Room which boasts a decorative brick face & hearth gas fireplace with doors, built-in sound system, 4 skylights, built-in shelving, French door exit to rear patio, wall of windows, and recessed lights. To the right of the Foyer are French doors leading to a Home Office/Library with built in shelving & cabinets with safe, recessed lighting, and oak hardwood flooring. Adjacent to the Family Room is a very spacious Laundry Room with cabinets above the Whirlpool washer & dryer and a utility sink with lower cabinet. Full sized counters with lower cabinets, an additional storage closet, and an adjacent cabinet with ironing board pull-down & electric outlet round out the features. This house also offers a “Friends’ Entrance” or vestibule with French doors on the front and rear, and a convenient oversized coat closet. On the other side of the Family Room fireplace, French doors lead to the main attraction: the fully enclosed Grand Pool Room featuring the gas heated 34’ x 11’ indoor pool with automatic pool cover, whirlpool/spa with cover at the far end of the pool, convenient dressing area including a half bath with full wall mirror and a separate fully tiled glass door shower room, TV area, five sliding glass doors - three with upper transom windows - providing access to the outside, eight oversized skylights, ceramic tile flooring, recessed lights, exit to rear patio through lovely French doors with sidelites...
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.
