16500 Baden Naylor Rd Brandywine, MD 20613
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About this home
Looking for the perfect homestead lifestyle? Look no further—this charming property offers nearly 1.5 acres of flat, usable land with endless possibilities. Imagine cultivating your own garden, raising bees for fresh honey, or keeping chickens—all while still having plenty of room to expand and let your imagination soar. The home itself provides peace of mind with major updates already completed, including a roof only five years old, a 2018 50-gallon water heater, a 2016 HVAC system, and a brand-new septic tank and drain field installed in the summer of 2023. Solar panels were added at the beginning of this year, keeping your electric bill affordable with a monthly panel lease of just $161. While the kitchen and bathrooms could use some updating, this presents the perfect opportunity to make gradual improvements over time and build equity—rather than paying it off through someone else’s upgrades over a 30-year mortgage. Offering wonderful privacy with just one neighboring home, this spacious 4-bedroom, 2-bath residence combines comfort with country charm. Ideally situated for a reasonable commute to the Washington, D.C./metro corridor, you’re just minutes from Waldorf, Upper Marlboro, and Joint Base Andrews. Don’t miss the chance to make this versatile property your forever home—schedule a showing today! (Shed being sold “as-is.”)
Source: BRIGHT #MDPG2164850
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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.