425 Mountain Rd, Crownsville, MD 21032
4 beds · 2 baths · 1,815 sqft
Welcome to this charming and full of character 4-bedroom, 2-bathroom home! Don’t let the exterior fool you- this home may appear modest from the outside, but once you step inside, you’ll be amazed to discover a surprising amount of space! Nestled in a welcoming neighborhood, this delightful residence features many details that add to its unique appeal. Step through the garden gate door, and make your way down the steps where a delightful 3-season room awaits you. As you enter the front door, you’re immediately drawn into the kitchen, which is both functional and charming, with ample cabinet space, countertop seating, and a cozy dining nook. Make your way to the living room where you’ll be greeted by a light-filled, naturally lit space that exudes warmth. Large windows allow sunlight to pour in, creating an inviting and airy atmosphere. Walk down the hall to find a bedroom and bathroom before making your way outside to discover your own private oasis—a secluded hot tub area tucked away, perfect for unwinding after a long day or enjoying a peaceful evening under the stars- you'll surely find serenity here! From here, head upstairs to discover a spacious second living area featuring stunning exposed beams and an abundance of natural light that fills the space, creating a bright and airy atmosphere. The living space also has a connected office (or potential 5th bedroom). The upstairs has 3 bright and cozy bedrooms, each filled with natural light and offering peaceful spaces for rest. The bathroom is conveniently located on this level, providing easy access from all bedrooms. Outside, this home truly shines with its multiple decks—perfect for relaxing, dining, or entertaining. Whether you’re enjoying a morning coffee or hosting friends, these outdoor spaces provide the perfect setting for year-round enjoyment. Plus, for those who love staying active, there’s a private gym area (could also be used as a workshop or storage), ideal for workouts sessions without leaving home! With all of the charm, abundant natural light, outdoor spaces, and a great location near shopping, dining, and parks, this home is a true gem. Perfect for first-time buyers, downsizers, or anyone looking for a tranquil and versatile living space! $10 optional fee for Herald Harbor Beach access.
Source: BRIGHT #MDAA2106334
Financials
Source: Public records
Source: BRIGHT #MDAA2106334
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.