16201 Brookmead Ct Upper Marlboro, MD 20772
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About this home
This townhouse is priced lower than the median price in this area. Newer townhouses in this area are priced over $450k based and higher if you add other features. Move in ready for the holidays. Discover the charm of this delightful end-of-row townhouse, where comfort meets convenience in a warm and inviting atmosphere. Step inside to find a fully finished basement that offers endless possibilities. Whether you envision a home office, a workshop, or a cozy entertainment area, the daylight windows and walkout stairs create a bright and airy environment that invites creativity. The exterior of the home features classic A-frame architecture, complemented by low-maintenance vinyl siding, allowing you to spend more time enjoying your home and less time on upkeep. The property is part of a well-managed community that includes lawn maintenance, snow removal, and trash services, providing you with peace of mind and more time to relax. The convenience of having your own designated spot means you'll never have to worry about finding a place to park after a long day. While this home does not feature a pool, the surrounding community offers a variety of outdoor spaces to explore and enjoy. Imagine leisurely strolls through nearby parks or enjoying the fresh air on your porch or sitting in your fenced yard with beautiful roses. The possibilities for relaxation and recreation are endless. This property is not just a house; it's a place where memories are made. Whether you're hosting friends for a game night in the basement or enjoying a quiet evening at home, this townhouse provides the perfect backdrop for your life's moments. Don't miss the opportunity to make this charming townhouse your own. Embrace the comfort, convenience, and community that await you in this inviting space. Schedule a tour today and envision the life you can create here! Roof was recently replaced. House comes with one year warranty.
Source: BRIGHT #MDPG2171808
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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.