206 Mustang Ct, Gambrills, MD 21054
4 beds · 3 baths · 2,259 sqft
$20,000 price improvement!!! Back on the market after tons of updates including but not limited to 3 new sliders, including one 8', all new 2 panel white interior doors with black hardware, whole interior freshly painted, including all white trim, all new light fixtures, all new flooring upstairs, new toilets and fixtures, freshened up bathrooms, all newly stained covered front porch, decks, balcony, new 6x6 deck post, newly painted basement walls & floors etc. etc. This incredible opportunity offers 2 acres of secluded privacy in the highly desirable Bretton Woods community, This stunning 4-bedroom, 2.5-bath, 2-story home features an open floor plan and a fully updated, custom kitchen with a huge island, a breakfast peninsula with pendant lighting, and unique timber columns. Enjoy Quartz countertops, stainless steel appliances, a wine cooler, beverage fridge, pull-out cabinets, and recessed lighting. The open kitchen, dining, and living areas flow effortlessly to a spacious deck with table space, seating, with room for a grill, also wired and reinforced for hot tub, all overlooking serene woods—perfect for entertaining or quiet relaxation. The primary bedroom boasts an attached bath and a large walk-in closet with built-ins for added storage plus two other closets, The freshly painted unfinished walkout basement is a blank canvas awaiting your personal touch and features a newer HVAC system (2022) with a central humidifier, air cleaner, and whole-house air purifier. The home also includes a top-of-the-line well-conditioning and water filtration system, plus a newer 80-gallon water heater for maximum comfort. Outside, you'll find a 2-car garage, a shed, a private paved driveway with ample parking, a fire pit, and a playground area (equipment conveys). Don’t miss out on this rare gem—schedule your showing today and experience peaceful living just minutes from all modern conveniences, shopping and dining.
Source: BRIGHT #MDAA2095682
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Why Roam
Lower rates and lower down payments
The only homebuying option for you to put 5% down and get a 5% rate.
Closing guarantee
We can close in 45 days or we’ll pay the seller’s mortgage until we close.
Offer acceptance
95% of offers accepted when made with Roam. 5% accepted without.
Rates and payments are estimates based on public records.
Source: Public records
Source: BRIGHT #MDAA2095682
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.
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 “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.