2318 Rolling Meadows St Waldorf, MD 20601
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About this home
LOCATION, LOCATION, LOCATION!!! Welcome home to this beautiful Cape Cod with 5 bedrooms and 3 full baths designed for comfort, style, and versatility! The main level features a foyer with a French door and a bright living room with new flooring throughout. A Gourmet Kitchen boasting an island with a stove, Wall Oven, big pantry, abundant cabinets, and dining area, perfect for the chef in you and ideal for gatherings. A brand-new sliding door was installed opens to the deck, fenced-in yard that backs to the trees for entertaining and relaxation. (Although currently staged, the home will soon be de-staged to give buyers a fresh, more open look and better feel for the space, photos show the staged version for reference). The MAIN-LEVEL PRIMARY SUITE is a rare find, offering convenience for those who prefer everything on one level, yet privacy with the rest of the bedrooms upstairs, truly the best of both worlds. The upper level includes 2 Bedrooms and a Full Bath, with dormer windows and roof fairly newer. The fully finished lower level adds a spacious family room, 2 Bedrooms, Full Bath, a dedicated laundry room, and plenty of storage leading to the back that has a newer completely covered entrance. Updates include new flooring, new doors, some painting, power washed, professionally cleaned top to bottom and more. Convenient to DC, Northern VA , Baltimore, all major Airports, Military Bases, Restaurants, and Shops. The Roof is fairly new! Sold "As Is" (see addendum) with a 1-year HSA warranty! This is your future home :)
Source: BRIGHT #MDCH2047574
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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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