547 Spectator Ave Hyattsville, MD 20785
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About this home
This gorgeous brick luxury townhome offers three beautifully finished levels and a rear-entry two-car garage with additional storage and oversized driveway parking. The entry level includes a versatile layout with a fourth bedroom and half bath excellent for guests, a home office, or a private retreat. Upstairs, the main level is designed for both style and function, featuring gleaming hardwood floors, formal living room with dual Juliette balconies, dining area, and a striking three-sided fireplace, perfect for gatherings. The open eat-in kitchen is a chef’s delight, complete with 42-inch maple cabinets, granite countertops, a center island with bar seating, stainless steel appliances, recessed lighting, and a pantry. The spacious adjoining breakfast room shares the warmth from the fireplace and features sliding glass doors opening to the rear deck, creating the perfect spot for relaxation. The upper level offers three bedrooms, two full bathrooms, a linen closet, and convenient bedroom level laundry with front loading washer and dryer. The primary suite is a true retreat boasting a deep tray ceiling with lighted ceiling fan, wall of windows, a walk-in closet, and a luxury bath with dual sink vanity and glass enclosed tub/shower with spa toned tile. The two bright and cheerful bedrooms, each with lighted ceiling fans and ample closet space share the well-appointed hall bath. Enjoy the community amenities including a clubhouse with party room, fitness center, outdoor pool, playground and lush common areas with ponds. Ideally located, this home is within walking distance to the Metro station, Northwest Stadium, gyms, shopping, and grocery stores, and easy access to major commuting routes and University of Maryland Capital Regin Medical Center, making it as convenient as it is elegant! Come home to 547 Spectator Avenue!
Source: BRIGHT #MDPG2167044
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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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