9713 Fairway Ave, Silver Spring, MD 20901
3 beds · 2 baths · 1,962 sqft
This stunning three-level brick home sits gracefully on a corner lot, blending timeless charm with thoughtful updates. Beautifully landscaped with a vibrant blooming tree, the exterior creates a warm and inviting first impression. Step inside to find hardwood flooring and original details that enhance the home’s character. The spacious living room welcomes you with crown molding and a cozy fireplace, seamlessly flowing into the formal dining room, where elegant chair railing and crown molding add a touch of refinement. The dining room opens to the updated kitchen, featuring shaker-style cabinetry, granite countertops, and stainless steel appliances, including a gas range. A convenient half bath and backyard access enhance this level’s functionality. A sunroom bathed in natural light boasts a skylight, wood ceiling, and an atrium door leading to the patio—perfect for relaxation or entertaining. Upstairs, the generously sized primary bedroom includes a walk-in closet, while two additional bedrooms showcase custom trim and thoughtful details. A well-appointed full bath with ample storage serves this level with style and comfort. The lower level expands the home’s living space with a spacious family room, ideal for movie nights or casual gatherings. A separate utility room provides laundry facilities and storage space. Perfectly located on Fairway Avenue in Silver Spring, this home offers incredible access to local amenities. Indian Spring Terrace Local Park sits just across the street, providing open green spaces and recreational fields. Sligo Creek trails, YMCA, Woodmoor Shopping Center, Trader Joe's and minutes to downtown Silver Spring. For drivers, the Capital Beltway (I-495) ensures effortless travel to Washington, D.C., and surrounding areas. This beautifully updated home blends classic charm with modern convenience in an unbeatable location—don’t miss the opportunity to make it yours!
Source: BRIGHT #MDMC2173232
All values shown are estimated costs / mo.
Source: Public records
Source: BRIGHT #MDMC2173232
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.