2652 Academic Ct Waldorf, MD 20603
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About this home
Beautiful Colonial home, perfectly situated in the coveted North Pointe community. This stunning residence features 5 spacious bedrooms and 3.5 bathrooms, offering an abundance of space for comfortable and versatile living. Upon entering the home, you will immediately notice the warmth of the gleaming hardwood floors that gracefully extend throughout the main living areas. The culinary enthusiasts will appreciate the kitchen's stylish granite countertops and complementary backsplash, creating an ideal space for preparing and enjoying meals. On the upper level, you will find the primary suite complete with a luxurious en-suite bathroom and a generously sized walk-in closet. Three additional bedrooms share a bathroom on this level. The finished basement extends the living space and is designed for entertainment and relaxation. It features a large recreation area perfect for various activities. This level also boasts a full bathroom, and the fifth bedroom, offering flexibility for guests or family members. Outside, a custom deck provides an ideal vantage point to enjoy the beautifully landscaped lawn, which is equipped with an in-ground sprinkler system to maintain its lush appearance. This outdoor space offers a wonderful setting for hosting gatherings or simply unwinding. This home also comes with a VA loan assumption!! An interest rate of 2.8%. And it is OPEN to those with or without eligibility!!
Source: BRIGHT #MDCH2047908
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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.