12127 Riverview Dr Newburg, MD 20664
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About this home
** 2.99% Assumable Rate for VA eligible buyers! ** Welcome to this beautifully designed Craftsman-style home, built just three years ago. This home offers plenty of space for living, entertaining, and relaxing. Step inside to a bright and inviting floor plan. The family room flows seamlessly into the eat-in kitchen, featuring stainless steel appliances, granite countertops, custom cabinetry and a charming breakfast nook. A separate dining room provides the perfect setting for gatherings, while a private office offers a quiet space for work or study. Upstairs, the primary suite features a luxurious bathroom with a soaking tub, fully tiled walk-in shower, and large walk-in closet. Convenient laundry access is available from both the primary bathroom and hallway. Three additional bedrooms and a full bath complete this level. The fully finished basement adds ample living space, including a recreation room, flex area perfect for a home gym or guest suite with a full bath. The exterior showcases beautiful landscaping and curb appeal. A door off the kitchen leads to the spacious backyard, complete with a patio, sun sail for shade, shed and fully fenced-in yard — ideal for outdoor entertaining, gardening, or keeping pets. The property even includes a chicken coop and plenty of room to park an RV. Attached two-car garage for parking your vehicles. Located in the waterfront community of Cliffton on the Potomac with No HOA and No restrictive covenants. Plenty of options for shopping and dining only 15 minutes to the Town of La Plata and 10 minutes to King George, VA via the new Harry Nice Bridge. Schedule your showing today!
Source: BRIGHT #MDCH2048642
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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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.