2411 Nickoles Dr, Sykesville, MD 21784
3 beds · 2 baths · 2,432 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome home to 2411 Nickoles Drive! This 3 bedroom, 2 bath Split Foyer on .45 acre located in a cul-de-sac offers many updates. Deck and front door painted, new storm door and rear garage door brand new. A/C compressor 2024 and chimney sealed/relined 2023. Garage door/trim painted and opener/track/chain/rollers/keypad in 2022. Gutters with gutter guards, architectural shingle roof, vinyl siding, shutters, flood lights, front load washer and dryer, water heater, air ducts cleaned and kitchen skylight resealed all in 2021. Back patio and stone pavers 2018. Septic field redone, both baths redone, kitchen backsplash and faucet in 2016. Shed with electric and lights, heat pump, stove and sunroom rear door 2015. Features include public water, bamboo flooring, pellet stove, built-in shelves, ceiling fans with lights, French door entry to sunroom, walk-in storage closets, lots of storage cubby areas in laundry room, attic access in 2 car garage, workbench with electric, double pane windows, bay/bow windows, Pella sliding glass door to deck, pass through windows between kitchen and dining room, ss appliances, Granite and Quartz counters, dual entry main level full bath, attic access in bedroom #3, all appliances included and so much more. Seller to find home of choice.
Source: BRIGHT #MDCR2026812
All values shown are estimated costs / mo.
Source: Public records
Source: BRIGHT #MDCR2026812
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 and Equal Opportunity Act.