3959 Prickly St Waldorf, MD 20603
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About this home
Gorgeous 5-Bedroom Craftmark Home Ready for Its New Owner! VA ASSUMABLE LOAN AT 2.85%! This stunning property offers the perfect blend of elegance, comfort, and functionality. Step inside to a grand foyer with a striking spiral staircase—complete with a stair lift for added convenience. With 5 spacious bedrooms, 4 full bathrooms, and 1 half bathroom, there’s plenty of room for everyone. The luxurious master bedroom is a true retreat, featuring vaulted ceilings, a spa-like bathroom with a separate shower and soaking tub, and two oversized walk in closets. The heart of the home is the gourmet kitchen rich hardwood cabinets, granite countertops, a smart refrigerator, and plenty of space to cook and entertain. The kitchen flows seamlessly into the family room AND another sun room, creating an open-concept layout perfect for everyday living and hosting. Enjoy formal gatherings in the separate dining room or relax in the additional living room or work comfortably from the dedicated main level office with a built in desk and cabinetry. The finished basement offers endless possibilities—ideal for movie nights, a game room, or additional living space. Step outside to a fenced-in yard with multiple areas to relax and entertain, including a deck, patio, and cozy fire pit—perfect for year-round enjoyment. Vivint solar panels for energy savings. This home has it all—style, space, comfort, and thoughtful features—making it the perfect place to create lasting memories.
Source: BRIGHT #MDCH2046746
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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.