14854 Hammersmith Cir, Silver Spring, MD 20906
3 beds · 4 baths · 1,840 sqft
OFFER DEADLINE- WEDNESDAY APRIL 9TH AT 12 NOON----Welcome to 14854 Hammersmith Circle, a spacious and well-maintained end-unit townhouse in the highly desirable Longmead Crossing community. Homes in this community sell within only a few days on the market! With three finished levels, this home offers 3 bedrooms, 2 full baths, and 2 half baths—providing ample space for comfortable living. Recent updates include fresh paint (2025), a new roof and gutters (2020), new basement flooring (2023), stylish bathroom upgrades (2023), a modern kitchen makeover (2023), and brand-new appliances (2023). The fully finished basement adds additional living space, perfect for a recreation room, home office, or guest suite. The expansive owner’s suite is a true retreat, featuring its own private bathroom and enough space to comfortably fit a king-size bed with room for nightstands and additional furniture. The two additional bedrooms are generously sized and share an upgraded full bathroom. As an end-unit, this home provides extra privacy with no neighbors on one side and additional windows that bring in plenty of natural light. The backyard is perfect for outdoor relaxation, and the two assigned parking spaces ensure convenience. Located just moments from public transportation, this home offers easy access to major commuter routes, shopping, dining, and local amenities. Schedule your tour today!
Source: BRIGHT #MDMC2172730
Source: BRIGHT #MDMC2172730
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.