3020 Peverly Run Rd, Abingdon, MD 21009
5 beds · 3 baths · 2,234 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to your dream home! This stunning contemporary residence, built in 2017, offers a perfect blend of modern elegance and cozy comfort. With 5 spacious bedrooms and 3 full bathrooms, this home is designed for both relaxation and entertaining. Step inside to discover a warm and inviting atmosphere, highlighted by laminate plank flooring throughout. The formal dining room provides an elegant space for special occasions, while the cozy living area, complete with an electric fireplace, creates the perfect setting for unwinding after a long day. Enjoy the convenience of an upper-floor laundry room, making chores a breeze. The master suite boasts a walk-in closet and ample space for your personal retreat. Additional features include ceiling fans for comfort, a sprinkler system for peace of mind, and an unfinished basement ready for your personal touch. Step outside to your private oasis, where an above-ground pool awaits for those warm summer days. The generous 0.35-acre, fully fenced in, lot offers plenty of space for outdoor activities, and the attached garage provides easy access and ample parking. With included amenities such as snow removal and trash services, this home is not just a place to live, but a lifestyle to embrace. Don’t miss the opportunity to make this beautiful property your own!
Source: BRIGHT #MDHR2040730
Source: BRIGHT #MDHR2040730
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.