26 Lookout Dr Indian Head, MD 20640
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About this home
Your Home Search Stops Here! Welcome to this beautifully maintained townhome—one of the largest models in the highly sought-after Riverwatch community. Step inside the thoughtfully designed main level featuring a spacious living area, a formal dining space, and a gourmet kitchen with modern finishes. The kitchen opens to a large eat-in area, perfect for casual dining and family gatherings. A convenient half bath and access to the private backyard complete this level. Upstairs, retreat to the expansive owner’s suite featuring a large walk-in closet and a luxury en-suite bath—your personal oasis. This floor also offers two additional bedrooms, a full bath, and laundry area for added convenience. A standout feature of this home is the top-level loft, which functions as a second owner’s suite complete with spacious closets and a resort-style bathroom—ideal for guests, multigenerational living, or a private sanctuary. The fully finished lower level offers a versatile recreation room and access to the two-car garage, making it perfect for entertaining or relaxing. Located in the picturesque Riverwatch community, you'll enjoy scenic walking trails, the Indian Head boardwalk, and stunning views of the Potomac River. Just minutes from Indian Head Naval Base and with easy access to major highways, this location is ideal for commuting throughout the DMV region. Don’t miss this rare opportunity to own a spacious, amenity-rich home in a tranquil setting. Schedule your tour today and experience the best of Riverwatch living!
Source: BRIGHT #MDCH2045816
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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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