Welcome to this beautifully expanded and thoughtfully upgraded 4-bedroom, 3 full bath home in the heart of Silver Spring! Blending timeless charm with modern luxury, this home offers an exceptional combination of high-end finishes, functional living space, and an unbeatable close-in location. The stunning renovated kitchen is truly the centerpiece of the home, featuring extensive custom cabinetry, quartz countertops, glass tile backsplash, soft-close cabinets, farmhouse sink, recessed lighting, large pantry, under-cabinet lighting, and premium LG stainless steel appliances including a Door-in-Door refrigerator, 5-burner gas stove, and dishwasher. Rich hardwood floors flow throughout the main and upper levels, while the inviting living room showcases a classic wood-burning fireplace with mantel and elegant dark hardwood flooring. Upstairs you’ll find four spacious bedrooms, including a spectacular top-floor primary suite addition designed as a true private retreat. Enjoy heated floors, double vanities, soaking tub, multi-head Vigo glass shower, LED touch mirrors, Bluetooth-enabled speaker/fan/light system, remote-control blackout shades, walk-in closet with custom organizers, and private balcony deck access. The renovated hall bath also features heated floors and Bluetooth speakers for a spa-like experience. The upper-level laundry room and versatile sitting area with stylish shiplap accent wall provide additional comfort and functionality. The finished walkout basement includes a full bath, office space, and flexible living area ideal for guests, work-from-home needs, or recreation. Major system upgrades include newer roof, upgraded HVAC and furnace, updated plumbing and electrical, newer windows, new hot water heater element, and more. Additional highlights include custom metal bannisters and stair railings, ceiling fans, fenced rear yard, expansive patio with drainage improvements, two-tier deck with covered lower level, and storage shed with electric lawn equipment included. Enjoy an incredible lifestyle location just moments from Sligo Creek Park’s wooded trails, Dale Drive Community Park, Nolte Park, Downtown Silver Spring, Kensington, Bethesda, the Forest Glen Metro, Purple Line access, shopping, dining, and convenient commuter routes into DC. This is a rare opportunity to own a truly move-in ready home with luxury finishes, modern updates, and exceptional indoor-outdoor living in one of Silver Spring’s most desirable neighborhoods.
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.
