1103 Larch Ave, Takoma Park, MD 20912
3 beds · 3 baths · 1,750 sqft
Brimming with character and modern updates, this charming brick home blends timeless appeal with contemporary comforts. A fully fenced yard with a front gate welcomes you to the idyllic covered front porch, complete with a classic porch swing—perfect for relaxing and enjoying the surroundings. Inside, bright and inviting spaces are enhanced by a neutral color palette, elegant moldings, and updated fixtures. Hardwood and luxury vinyl plank flooring extend throughout, adding warmth and durability. Step into the foyer, where an arched doorway leads to the living room, featuring crown molding, interior shutters, and a cozy fireplace. The seamless connection between the living room and kitchen enhances the home's flow, making it ideal for everyday living and entertaining. The kitchen is both stylish and functional, boasting crisp white cabinetry, an island with a striking marble countertop, and contrasting black granite on the surrounding counters. A marble tile backsplash and stainless steel appliances complete the modern aesthetic. From here, step out to the backyard for easy indoor-outdoor living. Adjacent to the kitchen, the dining room offers a refined touch with crown molding and chair railing. A convenient powder room concludes the main level. Upstairs, three bedrooms, including a spacious primary, are filled with natural light and showcase beautiful hardwood flooring. The full bath is designed for relaxation, featuring a jetted soaking tub and modern fixtures. The lower level expands the living space with a comfortable family room highlighted by luxury vinyl plank flooring and walk-up access to the backyard. A full bath on this level adds versatility, while storage closets and a utility room with laundry provide practicality. The backyard is a true retreat, offering thoughtfully designed spaces for play, picnics, and fireside gatherings—all surrounded by fencing and blooming trees. A stylish storage shed provides both form and function, with a workbench inside and pull-down stairs leading to an upper-level storage area, making it a perfect space for hobbies or additional organization. Practical updates include a roof that is just six years old, providing peace of mind for years to come. Additionally, this home offers an incredible financial advantage with an assumable mortgage at a low 2.7% interest rate—an opportunity not to be missed. Ideally located, this home is just moments from Sligo Creek Park, offering endless outdoor recreation. Enjoy walking distance to downtown Takoma Park, three major bus lines, the Takoma Park Metro, and the upcoming Metro Purple Line stop just up New Hampshire Avenue. With Washington, D.C., just minutes away, this home offers the perfect balance of charm, convenience, and accessibility. Please note: photos depicting furniture have utilized virtual staging.
Source: BRIGHT #MDMC2172172
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Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
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We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: BRIGHT #MDMC2172172
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.