9833 Fox Rd, Frederick, MD 21702
4 beds · 4 baths · 4,373 sqft
***2.99% Assumable Mortgage Rate Available with ROAM!! Think you have to come up with a HUGE chunk of cash for the difference?? Think again. Contact your agent or Chris Van Mol for more info*** Escape to the Enchanting Catoctin Mountains – Built in 2001 with a full remodel since 2023! Immerse yourself in the tranquility of the Catoctin Mountains with this exquisite 4 bedroom (with 5th room down stairs!) & 3-1/2 bath custom-built home, now boasting a complete refresh and nestled on over 7 acres of picturesque land. Unwind in Your Private Oasis, Elevated, with beautiful mountain views and serenity! This expansive 4,000+ square foot haven offers unparalleled privacy, breathtaking views, and the peace of mind that comes with extensive modern upgrades. Step inside and be greeted by a world of elegance and comfort, now enhanced with all-new windows and doors, including a stunning front entry door, flooding the home with natural light and energy efficiency. The main level boasts a large kitchen with new appliances, a grand two-story family room with a captivating stone wood burning fireplace, recently serviced, and a formal dining room perfect for entertaining guests. The primary suite is a true sanctuary, featuring a separate sitting area, three closets, and a state-of-the-art bathroom with a massive modern style double walk-in shower and expert tilework. The basement offers endless possibilities for relaxation and recreation. A fully finished basement with a hand-carved bar, and a kitchenette create the perfect setting for gatherings with friends and family. An additional private room, currently used as a spare bedroom, provides flexibility for various uses like a 5th bedroom! Enjoy the confidence of a new sump pump, water softener, and UV light water filtration system ensuring pristine water quality. Outdoor Living at Its Finest, Upgraded Enjoy the beauty of nature from your new state of the art maintenance free Trex Transcends deck and railing, surrounded by mature trees and the gentle sounds of the countryside, while the property's proximity to equestrian properties adds to its allure. Enjoy the benefits and peace of mind of a brand new 2 dimensional architectural roof with a transferable limited lifetime warranty, two new garage doors and openers, and a new pull-down attic for easy storage access. Also feel secure that the dual zone HVAC is only 5 years young. Modern Comforts Throughout This home has been meticulously updated with new carpet, fresh paint in every room, new flooring, new fans and light fixtures, all new toilets, sinks, and vanities. The mudroom now features a new utility sink, adding to the home’s practicality. Location, Location, Location This idyllic retreat is just steps away from the renowned Celebrations Cellars Winery, offering the perfect opportunity to indulge in local wines. Explore the natural beauty of Cunningham Falls State Park or visit nearby orchards for fresh produce. And yet, you're just minutes away from the vibrant downtown Frederick, providing easy access to amenities and cultural attractions; minutes away from Route 15 and I-70 for a quick commute! Don't Miss This Rare Opportunity – Now Move-In Ready with Fresh Paint and Everything Updated or Replaced! This is more than just a house; it's a lifestyle. Experience the tranquility of the mountains, the charm of country living, and the convenience of city life all in one extraordinary, fully renovated package. Schedule your private tour today and discover your mountain escape. **For assumable Mortgage Rate questions please see document in listing or reach out to Listing agent!**
Source: BRIGHT #MDFR2059988
Financials
Source: Public records
Source: BRIGHT #MDFR2059988
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.