22442 Newcut Rd, Clarksburg, MD 20871
4 beds · 4 baths · 3,688 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to this charming 4-bedroom home in the sought-after Clarksburg Village community! Enclosed by a classic white picket fence, this beauty greets you with a welcoming front porch—perfect for relaxing with a morning coffee. Step inside to find a generous floor plan designed for both comfort and entertaining. A bright home office overlooks the front yard, while the formal dining room, connected to the kitchen via a butler’s pantry, sets the stage for memorable gatherings. The gourmet kitchen is a chef’s dream, featuring a large center island with a breakfast bar, granite countertops, gas cooking, double wall ovens, and stainless steel appliances. The space flows seamlessly into a sun-drenched breakfast room and a cozy living room with a gas fireplace, creating the perfect heart of the home. Upstairs, you’ll find four spacious bedrooms, two full baths, and a convenient laundry room. The primary suite boasts two walk-in closets and an ensuite bath with dual vanities, a soaking tub, and a separate stall shower. The finished basement provides endless possibilities with a huge recreation room, a full bath, and ample storage space. Outside, enjoy a private backyard retreat with a patio and pergola—ideal for outdoor dining and entertaining. A detached two-car garage adds convenience with enough space in the driveway for an addition 2 cars. Nestled in an amenity-rich community, this home is located just across from Snowden Farm Elementary School, a few short blocks from shopping and dining, and moments from regional parks, the Prime Outlet Mall, and I-270. Don’t miss the opportunity to call this wonderful home yours!
Source: BRIGHT #MDMC2165624
All values shown are estimated costs / mo.
Source: Public records
Source: BRIGHT #MDMC2165624
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.