12815 Breyer Pl, Hughesville, MD 20637
4 beds · 4 baths · 3,016 sqft
Do not miss your opportunity to purchase this beautiful home. Previous buyers fell through, but home inspection, well, septic and Radon tests are all complete and passed! If you have been searching for a gorgeous, private home that still has a neighborhood to enjoy, your search is over. This home has so much to offer... From the time that you step through the front door to gleaming hardwood floors, you will love this open floorplan. You will enjoy cozy days and nights at home and entertaining with plenty of space for everyone. The main level offers a study with glass double doors, open kitchen with stainless steel appliances and breakfast bar, dining/table space area overlooking the back yard, family room and powder room. Downstairs there is a large great room with a large areaway, which allows so much natural lighting, bedroom that is currently a multi purpose room, and full bath. The upper level has 3 bedrooms with the Owner's bedroom featuring a box tray ceiling, full bath that has a separate tub and shower with large window and double vanities, plus a walk in closet. Great size bedrooms 2 and 3 and laundry room located on this level. This home has a 2 car sideload garage with carriage style doors and garage door openers and a huge yard! When you are home, you will feel like you are living tucked away, but just a short little walk for the neighborhood feel. As an added bonus, VA buyers may take advantage of the current VA assumable loan with an interest rate of approximately 2.3%, Do not miss this great home, call for a showing today!
Source: BRIGHT #MDCH2041066
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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
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
Source: BRIGHT #MDCH2041066
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. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
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.
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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.
How do I qualify for an assumable mortgage?
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.