5115 Culpepper Pl Bryans Road, MD 20616
Your savings
About this home
Price Reduced! Beautiful and spacious, brick-front, 4-bedroom, 3.5-bathroom home with large fenced-in backyard located just a short commute from Washington DC, the National Harbor, and key military bases (Indian Head Naval Surface Warfare Center, Joint Base Andrews and Joint Base Anacostia-Bolling). This home has just been refreshed with new brushed nickel door hardware, new modern lighting, new upper landing and staircase hardwood to complement the existing main level hardwood floors, new Shaw stain-resistant bedroom carpet, new sink fixtures (half, main and master bath), new porcelain tile in lower entry, laundry room and 2nd level baths and new LG washer & dryer. With a combination of traditional and modern features - this dream home includes formal living and dining rooms off the central main foyer in front of an open floor plan encompassing a large kitchen with breakfast area adjoining a spacious family room with gas fireplace and ceiling fan and providing access to the large backyard deck and fenced back yard. A totally perfect space for entertaining or relaxing. A butler's pantry connects the formal dining room to the kitchen. And the formal living room includes a bay window providing an abundance of natural light. The main foyer also includes a half bath and stairs to the 2nd level. The kitchen features granite countertops, stainless steel appliances, an island with seating, pantry and a desktop work area - plus access to a full laundry room with new LG washer and dryer (coming). Stairs off the family room provide access to the lower-level entry leading to the two-car garage and large recreation room. Upstairs there are four bedrooms and two full baths. The master bedroom includes a walk-in closet, ceiling fan, and en suite bath with soaking tub and separate shower. And this corner lot even includes an underground sprinkler system. A truly remarkable home that has it all - close to shopping, dining, parks, and schools, making day-to-day living both comfortable and convenient. Buyers of this home are eligible for the Pentagon Federal Credit Union very important buyer (VIB) program allowing them to obtain a mortgage with no loan related closing costs at a very competitive rate! And for eligible VA buyers , there is an assumable loan at an amazingly low rate of 2.25%!
Source: BRIGHT #MDCH2040112
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.