511 Crabb Ave, Rockville, MD 20850
3 beds · 2 baths · 1,184 sqft
COMMUTERS DREAM! Don’t have a car? No problem! One Minute From the Rockville Metro Station & Rockville Town center with Ample Dining, Entertainment & Shopping Options. Maryvale Park with Playground & Basketball Courts Are Incredibly Close! This 3 Bedroom and 2 Full Bathrooms Single Family Home Is The Perfect Place to Call Home But With Low Maintenance!! Seller Has Maximized Every Closet For Excellent Storage! Updated Kitchen & Bathrooms & Gleaming Hardwood Flooring! Too Many Improvements To Count: Refrigerator and Added Water Line – 2024, All Interior Doors and Closet Doors – 2024, Keypad Front Lock and Handle – 2024, Light Fixtures in Kitchen – 2022, New Drywall in Kitchen – 2021, New Shed & Rock Bed – 2021, Garage Disposal – 2021, Exterior Light Fixture at Front Door – 2021, Pavers to Side Entrance – 2021, Dishwasher – 2020, Water Heater – 2020, Hallway Light Fixture – 2020 and Interior Paint Throughout Entire Home – 2019. The Living Room Welcomes You Home with Hardwood Flooring & Natural Light. The Eat-in Kitchen Features Granite Countertops, Tile Flooring and a Solid Built-in Bench Kitchen Table with Additional Chairs. The Laundry Room is Situated Next to the Kitchen and Gives Access to the Trex deck With Solar Lighting (2021) and Rear Fenced Yard. The Primary Bedroom and Secondary Bedrooms Were All Upgraded with Hardwood Flooring in 2019. The Primary Bedroom Has an Ensuite Bathroom, Large Bay Window and Closet Organizer System with Lights (2024). The 2nd Full Bathroom Was Completely Remodeled in 2020! Seller is Offering a 1 Year Home Warranty to the Buyer!
Source: BRIGHT #MDMC2166216
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: BRIGHT #MDMC2166216
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 of Equal Opportunity Act.