20901 Lochaven Ct, Gaithersburg, MD 20882
4 beds · 4 baths · 3,560 sqft
Get a free consultation call with an expert in the mortgage assumption process.
WELCOME!! BEAUTIFUL and DESIRABLE brick front colonial style home sits on a corner lot of approximately 1.45 acres and with over 3500 sq ft of living space in the Goshen Estates subdivision. Drive up the REPAVED driveway and you are greeted with a NEW STONED walkway. Step inside and you are greeted with tile entryway and GLEAMING Brazilian floors throughout main level. Main level features separate formal dining and living rooms perfect for entertaining. UPDATED kitchen showcasing beautiful QUARTZ countertops and NEW stainless-steel appliances and RANGE hood. SUN-FILLED breakfast area with sliding doors located off the kitchen leading to a NEW STONE backyard with a beautiful, serene view of nature while providing enough privacy for relaxing and entertaining. The family room features a COZY brick front fireplace. Also conveniently located on the main level is the laundry room and half bathroom. Upper level welcomes you to a large owner’s suite including ceiling fan, CEDAR lined walk in closet. DOUBLE vanity. Relax, Soak and Renew in the master tub or quickly rejuvenate in the private shower. Also, on this level are 3 additional bedrooms that share a full bathroom with bathtub/shower. YES! There is more. Fully finished walk-out lower level with ALL NEW BAMBOO flooring. Large family room with BEAUTIFUL STONE FINISHED fireplace and an additional flex room with French doors leading to garage and outdoor. Completing this level is a large storage room. ADDITIONAL FEATURES: - Home has a CENTRAL VACCUM system. Lower-level utility room equipped for generator. Patio furniture conveys. Enjoy the nearby parks and trails. MAINTENANCES / SERVICED / UPGRADES 2025:- Septic System Back Patio & Front Walkway Heating & HVAC units serviced April 2025 2024: ALL New Windows (including Garage) New Hood Range Driveway Repaved Front Shutters Exterior Repainted Landscaping 2022:- New Water Softener New Water Acidifier System New Well Pump Washer & Dryer Dishwasher Stove Reverse Osmosis Filter System (Kitchen) New Flooring (Main level) New Flooring (Lower Level) Interior Repainted (Including Garage) Air Duct Professionally Cleaned and Sanitized **Windows have a 10-15 years Warranty- Warranty Transferable to new buyers. Buyers MUST transfer within 30days of Settlement. Seller will provide warranty details at Settlement.
Source: BRIGHT #MDMC2177184
Learn about how it works
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
All values shown are estimated costs / mo.
Source: Public records
Source: BRIGHT #MDMC2177184
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.