46444 Munley Ln Lexington Park, MD 20653
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About this home
Offer Deadline 11/20/2025 @ 5 PM This charming three-bedroom, three-and-a-half-bathroom townhouse in Lexington Park presents an exciting opportunity for those who appreciate both comfort and potential. The home features a cozy fireplace perfect for gathering during cooler evenings, while the attached deck offers an ideal spot for morning coffee or weekend barbecues. The real treasure lies in the basement, which includes a versatile bonus room ready to transform into whatever your lifestyle demands – perhaps a home office, entertainment center, or creative studio. This flexible space adds significant value to an already well-designed layout. While the property could benefit from some tender loving care, this creates an excellent chance to customize the home to your personal taste and style preferences. The renovation potential allows future owners to add their own touches and increase both comfort and value. Location advantages abound with Nicolet Park just a short walk away, providing green space and recreational opportunities for active families. Daily conveniences are easily accessible with the Naval Air Station Patuxent River Commissary nearby for grocery needs, while Frank Knox School serves the educational requirements of school-age children. The three full bathrooms plus powder room ensure morning routines run smoothly for busy households, while the three bedrooms provide ample space for family members or guests. The townhouse design offers the perfect balance between private living and community connection. This property represents an ideal blend of existing comfort and future possibilities, situated in a convenient Lexington Park location with easy access to both recreational amenities and essential services for modern living.
Source: BRIGHT #MDSM2028140
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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.