352 Ridge Rd, Washington Grove, MD 20880
6 beds · 5 baths · 5,764 sqft
Welcome to your dream home! This exquisite estate offers over 4,000 sq ft of luxurious living space, nestled in a wooded community surrounded by nature. As you drive up the meticulously maintained stone driveway, you are greeted by the beauty and tranquility of this wooded paradise. Step inside to discover an open-concept floor plan that effortlessly blends modern comfort with elegant design. The spacious living areas feature high ceilings, large windows, and beautiful hardwood floors that provide a sense of warmth and sophistication. The gourmet kitchen is a chef’s dream, equipped with top-of-the-line appliances, granite countertops, and a large island perfect for meal prep and casual dining. The main floor includes a formal dining room, a cozy 2 story family room with a fireplace, and a private office or bedroom. The luxurious master suite offers a peaceful retreat with a sitting area, 2 walk-in closets, and a spa-like ensuite bathroom featuring a soaking tub, walk-in shower, and double vanities. Additionally, the main level features another bedroom with a full bathroom as well as 2 bedrooms with a jack and Jill style bathroom. Downstairs, the finished basement adds a whole new level of living space, ideal for entertainment or relaxation. Whether you want to enjoy a movie night in the home theater,, or host gatherings in the large recreation room, this space has it all, including a bedroom and bonus room. Outside, you’ll find a spacious deck that overlooks the serene wooded surroundings, perfect for dining al fresco or simply enjoying the view. The hot tub offers the ultimate relaxation, tucked away in a private corner of the yard. With plenty of space for outdoor activities, the backyard is an oasis of peace and beauty. This home features six spacious bedrooms, 4.5 bathrooms, and numerous high-end finishes throughout. The gated driveway entrance ensures complete privacy, while the wooded neighborhood provides a sense of seclusion yet is conveniently located near local amenities, schools, and major highways.
Source: BRIGHT #MDMC2167664
Why Roam
Lower rates and lower down payments
The only homebuying option for you to put 5% down and get a 5% rate.
Closing guarantee
We can close in 45 days or we’ll pay the seller’s mortgage until we close.
Offer acceptance
95% of offers accepted when made with Roam. 5% accepted without.
Have questions? Email support@withroam.com
Source: Public records
Source: BRIGHT #MDMC2167664
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.
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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 580, 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.