10955 Beechwood Ct Waldorf, MD 20601
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About this home
Price improved!!! Nestled in the charming Fox Run community, this delightful Colonial-style home offers a perfect blend of comfort and functionality. This well-maintained residence boasts 1,760 square feet of inviting living space, featuring three spacious bedrooms and two and a half bathrooms, making it an ideal retreat for those seeking a warm and welcoming atmosphere. Step inside to discover a thoughtfully designed interior that emphasizes both style and practicality. The traditional floor plan seamlessly connects the family room to the dining area, creating an inviting space for gatherings and everyday living. Natural light pours in through double-hung windows, enhancing the cozy ambiance throughout. The family room, complete with a charming wood fireplace, serves as the heart of the home, perfect for cozy evenings spent with loved ones. The kitchen is equipped with essential appliances, including a built-in microwave, dishwasher, and electric oven/range, making meal preparation a breeze. The combination kitchen/dining area is ideal for casual dining or entertaining guests. Upstairs, the laundry area adds convenience to your daily routine, while the well-appointed bathrooms feature both stall and tub showers, catering to your relaxation needs. The attached oversized garage provides ample storage space, ensuring that your home remains organized and clutter-free and possible room for a workshop for the novice woodworking or handyman to be. The vinyl siding adds to the home's curb appeal while requiring minimal maintenance. Living in Fox Run means enjoying the benefits of a vibrant community. Residents have access to nearby parks, perfect for leisurely strolls or picnics, and the neighborhood is known for its friendly atmosphere. Local schools are within easy reach, providing quality education options for all ages. Public services are readily available, ensuring a convenient lifestyle. This home is not just a place to live; it's a place to create lasting memories. With its inviting features, community spirit, and proximity to essential amenities, this property is a wonderful opportunity for anyone looking to embrace a comfortable and fulfilling lifestyle. Come and experience the warmth and charm of this lovely home in Fox Run!
Source: BRIGHT #MDCH2046740
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FAQs
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
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