314 Green Mountain Ct, Pasadena, MD 21122
3 beds · 4 baths · 1,975 sqft
Get a free consultation call with an expert in the mortgage assumption process.
This brick end-unit colonial townhouse offers 1,815 square feet of living space, featuring 3 bedrooms, 2 full baths, and 2 half baths, all situated in sought-after Aspen Park is back on the market with improvements! Step into the foyer and ascend to the open-concept main level, where laminate flooring seamlessly flows through the spacious living and dining room. Elegant crown molding adds a touch of sophistication, while deck access and a stylish powder room offer both convenience and functionality. The eat-in kitchen is highlighted by beautiful bay windows and tile floors, featuring stainless steel appliances, ample white cabinetry, including charming glass-front cabinets, an electric stove, granite countertops, and a convenient pass-through window to the dining room. The owner’s suite boasts high ceilings, plush carpet, a walk-in closet, and an en suite bathroom with a new vanity and a combination shower/bathtub. Two additional bedrooms feature ample storage space, with one bedroom offering built-in bookcases and cabinets for an added touch of character. Another full bathroom completes the upper level. The lower level features laminate floors, backyard access, a half bathroom, and a versatile bonus room, perfect for a home office. French doors open to a deck that steps down to a flat, fully fenced yard with a patio underneath, offering serene, tree-lined wooded views. Property also features a new hot water heater. Aspen Park is a well-maintained community located just minutes from Lake Waterford Park, where residents can enjoy common grounds, a tot lot, and easy access to outdoor activities like hiking, picnicking, and waterfront recreation along the Chesapeake Bay. It’s also near commuter routes such as Route 100, I-97, and Route 2.
Source: BRIGHT #MDAA2091180
All values shown are estimated costs / mo.
Source: Public records
Source: BRIGHT #MDAA2091180
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.