6911 Ash Ct, Owings, MD 20736
3 beds · 3 baths · 2,804 sqft
Get a free consultation call with an expert in the mortgage assumption process.
*** PRICE UPDATE*** Schedule your showing today! This beautifully updated home offers both style and functionality, with quality finishes and modern upgrades throughout. The exterior features a durable 50-year roof and siding, ensuring long-lasting protection. Inside, you'll be impressed by the spacious, open layout, including a large kitchen island with stunning quartz countertops and all-new stainless steel appliances. The home also boasts fresh flooring upstairs and downstairs, along with updated light fixtures and ceiling fans. Enjoy peace of mind with a new water heater and updated electrical in the garage AND shed. The bathrooms have been thoughtfully updated, adding to the home's modern appeal. Outside, the fenced backyard offers a private retreat with a spacious deck, complete with a gazebo – perfect for relaxing or entertaining. Whether you're enjoying the backyard or cooking in the kitchen, this home is designed for comfort, luxury, and convenience. Don’t miss the opportunity to own this move-in-ready gem!
Source: BRIGHT #MDCA2020474
All values shown are estimated costs / mo.
Source: Public records
Source: BRIGHT #MDCA2020474
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.