9315 Sam Owings Pl, Owings, MD 20736
4 beds · 4 baths · 2,804 sqft
NO HOA * This Unique Home is on a 1.87 acre Private Lot on a Culdesac. Enjoy the Wildlife from your Wrap @ Porch * New Roof 2018 w/30 Year Shingles * Refrigerator New in Sept 2024 * Ceiling Fans in Every Room * Hardwood floors, Tile and LVP flooring throughout. Big Gathering room w/FIREPLACE can be your Living Room or Dining Room w/additional Flex space on Main level which can also be Dining or Living Rm - You Decide! Breakfast Room on Main level can be used as and was most recently used as an Office * 4 Generous Sized Bedrooms in all * 3 w/Walk-in Closets * 2nd Bedroom on Upper Lvl has a large WIC and Adorable Office Nook * Beautiful Inground Sport Pool is 3ft on the ends to 6ft Middle * Loop-Lock Pool Cover * Pool Pump New in 2020 * Custom Built Pool-Bar makes this a perfect Oasis for Entertaining. Fenced back yard for your pets. NO HOA * Big enclosed All -Season Sun Room off kitchen takes you to Your Cafe Patio w/Fire Pit * If that's not enough! - This Fabulous Home offers a complete SEPARATE ENTRY APARTMENT SUITE off the main house with its own 2nd Kitchen w/refrigerator/microwave/stove, full bathroom, family room, Bedroom w/a Walk-In Closet and 2nd Set of Laundry appliances - Washer / Dryer. Perfect for In-Law Suite, Main-Level Primary Suite or Additional income if you wish! It IS part of Main House, but also has separate Entrance which makes this another GREAT Flex Space! New Heat Pump for Apartment 2022 * Multi-Generational Living. 2 Heat Pumps * 2 Kitchens * 2 Hot WAter Heaters * 2 sets of Appliances and Washer/Dryer BAT septic installed January 2015 and just serviced Dec 2024 * 2 Large Sheds provide all the STORAGE you need and have electric! Plus an additional “pool shed” and a Fenced Yard! BEST OF ALL – NO HOA! FANTASTIC SCHOOLS * EASY commute to DC/Balt/Annapolis & Jt Base Andrews * LESS THAN 2 MILES to the CHESAPEAKE BAY AND ALL that CHESAPEAKE and NORTH BEACH HAVE TO OFFER - FANTASTIC DINING * BARS * SHOPPING * PUBLIC BEACHES * MARINAS * SLOTS * ROD N REEL RESORT * 3 BOARDWALKS * SO CLOSE TO IT ALL!!* Lawn Equipment, if Your interested, can be purchased separately
Source: BRIGHT #MDCA2018606
Source: BRIGHT #MDCA2018606
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.