Welcome to this stunning, recently renovated , 4-bed, 2 1/2-bath detached home in the highly desired Crestview Manor. This stunning remodeled home is a testament to modern elegance and sophisticated design. Exceptionally timeless architecture unfolds over two levels of luxurious living space. Boasting brand new features including, kitchen, lighting, and new carpeting throughout, this home offers unmatched natural light, ample storage, and exquisite architectural details. As you drive thru the beautifully manicured tree line neighborhood and pull into the multiple car drive-way with attached garage entrance, you are met by a generous lot with mature trees that create a “Welcome Home” warmth. Upon entering, you are greeted by a timeless floor plan that seamlessly combines open floor plan with a touch of traditional dedicated rooms creating a spacious and inviting atmosphere. This level continues to impress with a fully remodeled spacious kitchen, featuring stunning Quartz countertops, upgraded stainless steel appliances, and a stove – perfect for the home chef. Three well-sized bedrooms grace the upper level, sharing a luxurious bathroom. The large primary suite, with en suite private bathroom features a stand alone designer shower. The lower level is complimented by a gracious size fourth bedroom and large family/entertainment area with fireplace that is perfect for special occasions, family gatherings on a quiet romantic cozy night at home. The spacious back yard and custom brick patio offers a perfect setting for creating memories and moments for many years. This well-priced Clinton home offers easy access to all the best things Prince Georges county has to offer, including parks, shopping, hospitals, a friendly atmosphere, excellent schools, easy access to 495/95. It's just minutes from major shopping centers, restaurants, and recreational facilities. Commuter-friendly with easy access, making travel convenient.
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.
