500 Stanwich Ter Upper Marlboro, MD 20774
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About this home
Welcome to 500 Stanwich Terrace, a brick-front colonial offering timeless elegance and modern comfort in Oak Creek Club — a prestigious gated golf course community. With 4 bedrooms, 2.5 baths, and over 4,300 total square feet, this residence is designed for both everyday living and stylish entertaining. Step inside to a bright, open-concept floor plan featuring a grand two-story foyer, formal living and dining rooms, and a spacious family room with a cozy fireplace. The gourmet kitchen is appointed with granite countertops, an oversized island, pantry, modern appliances, and custom cabinetry. This space seamlessly flows into the sun-lit morning room and the expansive family room complete with a gas fireplace for cozy gatherings. Upstairs, the luxurious primary suite boasts two walk-in closets and spa-inspired bath with soaking tub, a dual vanity and separate shower. Three additional bedrooms provide comfort and flexibility for family, guests, or a home office. Brand new carpet on the entire upper level and fresh paint throughout the home. The finished lower level expands your living options — ideal for a home theater, gym, or recreation space. Basement is plumbed to easily add a full bath. Beyond the home itself, Oak Creek Club offers an impressive array of resort-style amenities. Residents enjoy access to an 18-hole championship golf course, a clubhouse with dining, event space, and lounge areas, and a fitness center, swimming pool, and pickleball/tennis courts. The neighborhood also features walking trails, playgrounds, and beautifully landscaped green spaces, perfect for outdoor recreation. With 24/7 gated security, private roads, year-round community events, and convenient access to shopping, dining, and major highways, Oak Creek Club provides both luxury and peace of mind in an unmatched setting. With its blend of prestige, space, and lifestyle amenities, this home is the perfect retreat — just minutes from Washington, D.C. Seller is offering a $10,000 concession for a deck or backyard beautification. Don’t miss your chance to experience the Oak Creek lifestyle — schedule your private tour today!
Source: BRIGHT #MDPG2180828
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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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