4504 Cross Country Ter Upper Marlboro, MD 20772
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About this home
Welcome to 4504 Cross Country Terrace, an exquisite residence nestled in the prestigious Marlboro Ridge, Upper Marlboro's premier equestrian community. Built by the renowned Toll Brothers, this stunning Hopewell Brougham model offers an unparalleled lifestyle with access to an indoor riding area, miles of scenic walking trails, a state-of-the-art community gym, and an Olympic-sized swimming pool. Step inside to discover a thoughtfully designed main level featuring a dedicated office space, perfect for working from home. The large eat-in kitchen is a chef's dream, providing ample space for culinary creations and family gatherings. Adjacent to the kitchen, the expansive family room boasts a 4-foot extension, offering a generous area for relaxation and entertainment. The lower level of this home is a haven for leisure and entertainment, featuring a large recreation area, a dedicated theater room, and a large wet bar, perfect for hosting gatherings or enjoying a quiet evening. The walkout basement seamlessly connects you to the huge, partially fenced backyard, offering a blend of indoor and outdoor living spaces. The upper level is designed for comfort and privacy, featuring four generous bedrooms, each with its own walk-in closet. The owner's suite is a luxurious retreat, complete with a large sitting area, two closets, a soaking tub, and a separate two-person shower. On the west wing of the house, you'll find a "prince" or "princess" ensuite with a walk-in closet and its own bathroom. Across the hall, a "Jack and Jill" bathroom connects two large bedrooms, providing convenience and functionality. Experience the perfect blend of luxury and comfort in this exceptional home, where every detail has been crafted to enhance your living experience. Don't miss the opportunity to make 4504 Cross Country Terrace your new home in Upper Marlboro's finest equestrian community.
Source: BRIGHT #MDPG2155816
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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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