12905 Center Park Way Upper Marlboro, MD 20772
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About this home
Welcome to this expansive move-in ready three-level townhome located in the desirable neighborhood of Marlton in Upper Marlboro, MD. This home built in 2010 offers 3 spacious bedrooms, 2 full baths, and 2 half baths, with a walk-in closet and full bath in the primary bedroom along with a basement and garage providing ample space for comfortable living. This home was recently updated. Here you'll find new paint, new carpeting, and new fixtures throughout. The property also features a beautiful deck in the backyard, perfect for outdoor entertaining and cookouts. You'll also find peace of mind in knowing that a brand new hot water heater was recently installed here, along with the Home Warranty being provided by the seller. This home's driveway and garage provide ample parking for up to three vehicles and the opportunity to keep you and your vehicle out of inclement weather. The neighborhood itself is truly the hidden gem of this listing. The community is bustling with life! There are dog parks, basketball and tennis courts, swimming pools, and trails all within walking distance from you yet you'll be quite surprised at the peace and quiet that the neighborhood offers with the occasional deer, cardinal, or fox sighting in the surrounding woods. Directly across the street from you you'll find a community gazebo and beautiful park that is family-friendly and useable to the community for a host of events. Lastly, one of the best parts about this listing is the financing options that are available! This townhouse is located in one of the few sought-after locations in PG County, MD where you can get 100% financing through the USDA 1st-Time Homebuyers Program. The property is USDA-eligible and as long as you qualify you can save THOUSANDS at the closing table! This is an above-average property that surely won't last long. Don't let this opportunity pass you! Let's get you qualified and in to your new house just in time for the holidays! :)
Source: BRIGHT #MDPG2179310
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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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