16504 Village Dr W Upper Marlboro, MD 20772
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About this home
Nestled in a serene neighborhood, this exquisite Colonial residence exudes timeless elegance and modern comfort. Built in 1976, this charming home has been thoughtfully maintained, showcasing a harmonious blend of classic architecture and contemporary living. With four spacious bedrooms and two and a half bathrooms, this property offers ample space for relaxation and entertainment. As you step inside, you are greeted by a warm and inviting atmosphere, where natural light dances through the expansive windows, illuminating the rich brick and combination exterior. The heart of the home features a full basement with a walkout level, providing endless possibilities for a personal gym, entertainment area, or a cozy retreat. The connecting stairway leads you seamlessly to the main living areas, where comfort meets sophistication. The main floor boasts an open layout that encourages effortless flow between the living and dining spaces. The well-appointed kitchen, equipped with modern appliances, is perfect for culinary enthusiasts, offering both functionality and style. Retreat to the generously sized bedrooms, each designed to be a personal sanctuary. The master suite, with its en-suite bathroom, provides a private oasis for relaxation after a long day. The additional bedrooms are equally inviting, ensuring everyone has their own space to unwind. Step outside to discover a beautifully landscaped yard, perfect for outdoor gatherings or quiet evenings under the stars. The expansive lot, spanning 0.38 acres, offers plenty of room for gardening, play, or simply enjoying the tranquility of your surroundings. With convenient driveway and on-street parking, hosting guests is a breeze. This home is not just a place to live; it's a lifestyle. Enjoy the peace of mind that comes with residing in a well-established community, where neighbors become friends and every day feels like a retreat. With no pool to maintain, you can spend your weekends exploring local parks, dining at nearby restaurants, or indulging in the vibrant culture that surrounds you. Experience the perfect blend of luxury and comfort in this stunning Colonial home. It's more than just a property; it's a place where cherished memories are waiting to be made. Don't miss the opportunity to call this exquisite residence your own.
Source: BRIGHT #MDPG2182092
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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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