508 Jennings Mill Dr Bowie, MD 20721
Your savings
About this home
Welcome to 508 Jennings Mill Drive, a beautifully maintained 4-bedroom, 3.5-bath colonial set on a landscaped lot in the established Collington Station community of Bowie. Offering nearly 4,000 square feet of finished living space across three levels, this home blends classic style with modern comfort in a peaceful neighborhood setting. The inviting main level features a bright and open layout with a formal living room, dining room, and a private home office, all accented by large windows that fill the space with natural light. The updated kitchen offers granite countertops, stainless steel appliances, and a center island with seating, opening to the spacious family room with a cozy fireplace—perfect for everyday living and entertaining. French doors lead to a large deck with a gazebo, ideal for outdoor dining or quiet mornings overlooking the tree-lined backyard. Upstairs, the expansive primary suite serves as a relaxing retreat with a walk-in closet and a luxurious en suite bath featuring a soaking tub and separate shower. Three additional bedrooms and a full hall bath complete the upper level, providing plenty of room for family or guests. The fully finished walk-out lower level offers a versatile recreation room, media or fitness area, full bath, and ample storage. Collington Station is a sought-after community known for its scenic surroundings and extensive amenities, including a community pool, clubhouse, tennis courts, and playgrounds. Nearby attractions include Allen Pond Park, Bowie Town Center, the Bowie Baysox Stadium, and a variety of local restaurants and shopping options. Commuters will appreciate the convenient access to Route 301, Route 50, and the Capital Beltway, providing easy connections to Annapolis, Washington, D.C., and Baltimore. Both BWI Airport and New Carrollton Metro Station are just a short drive away. With its spacious layout, beautiful updates, and ideal location in one of Bowie’s premier communities, 508 Jennings Mill Drive offers the perfect combination of comfort, convenience, and community living.
Source: BRIGHT #MDPG2179764
Loan details
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
If you find a better price on any home, we’ll match it.
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.