19736 Crested Iris Way, Montgomery Village, MD 20886
2 beds · 3 baths · 1,520 sqft
Do not miss this new Price!! Beautifully Upgraded Three-Level spaciousTownhouse with Garage and two huge Prime Suites with its own private baths and walking closets! It has 3 bedroom square footage as most homes in the subdiv. This charming one-car garage townhouse has been fully upgraded inside and out, featuring an updated Roof, Trims, Concrete driveway, New floors, New kitchen, New Water Heater, New HVAC, Newer appliances, Washer and Refrigerator brand new, New garage motor and fresh paint throughout. Wow!! All you need is to move in -Main Level: Welcoming entrance leading to the garage, utility room, and laundry room. -Second Level: Brand-new kitchen with stainless steel appliances, recessed lighting, antique white cabinets, and new flooring. Spacious dining and living area with a cozy gas fireplace and balcony access. Sliding door to a huge balcony to enjoy your morning coffee/tea or great for entertaining!! This deck overlooks the woods. Though urban living, still get to enjoy nature!! -Third Level: Two primary bedrooms, each with its own walk-in closet and private full bath. New carpets and ceiling fans for added comfort. ample natural light! Located in the sought-after Forest Brooke neighborhood, this home offers convenient access to multiple grocery stores and the newly expanded Montgomery Village Shopping Center. Enjoy a wealth of community amenities, including multiple playgrounds, a brand-new fitness park, six pools, pickleball courts, and more. With schools within walking distance and easy access to public transportation and I-270, this is a fantastic opportunity to live in a vibrant and well-connected community! Park in open parking across the house . Don't miss this opportunity—schedule a tour today!
Source: BRIGHT #MDMC2163710
Financials
Source: BRIGHT #MDMC2163710
Source: Public records
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%. 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.
Other resourcesWhat 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 “Get Notified” 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 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.