11215 Lord Baltimore Dr Swan Point, MD 20645
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About this home
Nestled in the prestigious Swan Point community, this exquisite Colonial residence offers a harmonious blend of luxury and comfort, perfectly designed for an elevated lifestyle. Spanning 2,980 square feet, this meticulously maintained home boasts four spacious bedrooms and two and a half elegantly appointed bathrooms, plus a home office, ensuring ample space for relaxation and entertainment. Step inside to discover a world of refined elegance. The interior features a traditional floor plan adorned with crown moldings and chair railings, creating an inviting atmosphere. The gourmet kitchen, complete with an eat-in area and table space, is a culinary enthusiast's dream, equipped with high-end appliances including a self-cleaning oven, dishwasher, and microwave. The adjoining family room, warmed by a stunning gas fireplace with glass doors, provides the perfect setting for cozy gatherings. Natural light floods the home through insulated windows, enhancing the beauty of the luxurious wood floors and tile accents throughout. The primary bath offers a serene retreat, while the additional bedrooms provide versatility for guests or a home office. Thoughtful details such as window treatments and a dedicated laundry area elevate the living experience. Outside, the allure continues with a beautifully landscaped yard on a generous 0.34-acre lot. Enjoy the tranquility of scenic vistas featuring views of the Potomac River and lush trees, creating a picturesque backdrop for outdoor living. The expansive patio and porch areas invite you to unwind or entertain in style, while the underground lawn sprinkler system ensures your outdoor oasis remains vibrant year-round. As part of the Swan Point community, residents enjoy exclusive access to a boat dock/slip and ramp, perfect for water enthusiasts. The community pool offers a refreshing escape during warm summer days, while the association takes care of common area maintenance and snow removal, allowing you to focus on enjoying your luxurious lifestyle. With convenient garage and off-street parking for up to six vehicles and a prime location just blocks from the river, this home is a rare gem that combines elegance, comfort, and an active lifestyle. Experience the best of waterfront living in this stunning property, where every detail has been thoughtfully curated for your enjoyment. Embrace the lifestyle you deserve in this exceptional home. Golf course extra.
Source: BRIGHT #MDCH2047222
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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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