6110 Cool Spring Ter S, Frederick, MD 21701
5 beds · 4 baths · 3,000 sqft
Get a free consultation call with an expert in the mortgage assumption process.
***ALL Offers Must Be Submitted by Monday, April 7 before 5pm*** NEW Cooktop and Fresh painted bathroom cabinets as of March 23!! Cute, QUAINT, and Beautiful!! Every Turn in this Home is a Showcase to something Special hiding right in the midst of "Usual." Meaning What Exactly?! Enjoy the Elegance of the Study with the Double French Doors to the Foyer AND a Unique, Custom, Port-Rounded Door to the Butlers Wine / Coffee Bar off the Kitchen! SPACE is of No Concern here!! Every Room is not only Boastful of Natural Light ((Excessive Natural Light)) BUT the room sizes are Over-sized; Perfect for Entertaining!!! Large OPEN Kitchen w/ Granite Counter-tops Flows into the Luxurious Dining Room w/ Access to the Newly Expanded Deck! Main Conversational Area Features a DUAL-Sided Natural Gas Fireplace; Snuggle up to the Comfort & Crackles from Either Side of the Living Areas! LOVE to Travel BUT Be at Home???? - We Feel You!! (Come On Over!) This Resort-Like Community offers Pool(S), Events, Clubhouse, Activities, Walking Trails, Playgrounds, Tennis Courts, and MORE! Restaurants, Shopping, Etc - is AT your Fingertips, but not Invasive of your Privacy! Relax after a Rough Day in (1) of the Multiple SPARKLING POOLS!! Don't Forget; a Community like This also allows for Private Hostings / Gatherings at the Clubhouse, so Parties just became a Breeze! Not a Community-Body? That's Okay too! This Home is Well-Equipped with a Fenced Yard, Relaxing Fish Pond, Patio for that BBQ Summer Fun, and an Extended Deck that will be Your New Coffee Spot! We Welcome YOU Home!!
Source: BRIGHT #MDFR2060696
All values shown are estimated costs / mo.
Source: Public records
Source: BRIGHT #MDFR2060696
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.