VA loan
1 of 39
VA loan
$775,000 SIGNIN

Sign in to see required down payment for the 3.38% rate

8506 Cedar Chase Dr, Clinton, MD 20735

5 beds · 5 baths · 4,012 sqft

Concierge

Get a free consultation call with an expert in the mortgage assumption process.

A beautiful, open 5 bedroom/4.5 bath house in Clinton, Maryland with a short commute to Virginia and DC. The upper levels are close to just over 4000sq. ft and the basement is just under 2000 sq. ft, so this house has plenty of room for all lifestyles. The house also boasts of a large owner's suite and grand bathroom, along with multiple dining rooms. The natural light pours into several rooms with it's large windows and beautiful wooded backyard views. The inground POOL was added within the last 12 years, and has been well maintained. All utility systems are in working condition and the ROOF was REPLACED LAST YEAR. This home is listed less than market value because it is being sold as-is, so there are a few things to consider that do not work, such as: the microwave and one of the stove burners, the washer unit, a crack in the vanity of the basement bathroom, a tile in the laundry room is missing, non-active water mark on an interior wall, and a few shelves in the refrigerator that are broken. Beyond that there's a home waiting for the next owner to make it even more fabulous! Schedule your visit today! ****please note that the seller is currently packing and moving items out of the house. Some of the pictures are digitally edited to reflect what the rooms would look like if they were empty.****

Estimated
Seller's interest rate
3.38%
7%
Estimated
Monthly payment

$3,337
$4,206
You may also save up to $222,328 in total interest paid.

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.

Financials
Seller’s estimated current equity is SIGNIN
To assume this mortgage you must cover the seller’s equity by using your cash or by combining your cash with gap financing.
Estimated $4,206 monthly payment

Financed
SIGNIN
Location
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Loan details
Loan type
VA
Rate
3.38%
Remaining term
21 yrs and 4 mos
Remaining balance

Source: Public records

Monthly payment

All values shown are estimated costs / mo.

Total
$3,337
Principal & interest
$2,330
Mortgage insurance
-
Property taxes
$645
Home insurance
$316
HOA fees
$45
Utilities
Not included

Source: Public records

Home details
Size
4,012 sqft
Lot size
0.48 acres
Year built
2012
Type
Single Family Residence
HOA dues
$45.00

Source: BRIGHT #MDPG2145982

Qualify

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.

Resources
Frequently asked questions

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.

View all FAQs
Last updated: May 02, 2025 09:16 am
Listing agent: Amanda Dinello Scott (301) 215-1435
Listing provided courtesy of: Exit Landmark Realty (301) 934-2022
Details provided by BRIGHT and may not match the public record.
MLS ID: #MDPG2145982
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Roam Brokerage, LLC participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have closed or are no longer being offered for sale. Information Deemed Reliable But Not Guaranteed. Copyright © 2025 Bright MLS. All rights reserved.
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$3,337
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