704 Kings Ln Fort Washington, MD 20744
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About this home
MOVITATED SELLER WITH A HUGE PRICE IMPROVEMENT! This beautifully updated 3 bedroom, 2.5 Bathroom single family home with a carport is nestled in the desirabe Fort Washington Estates Community. The home is move-in ready with paint and lots of modern finishes. Enter the cozy foyer with tile flooring that expands into the kitchen area and boast of new cabinetry and countertops. The open living and dining area is adorned with gleaming hardwood flooring. Upstairs, you'll find spacious bedrooms, each offering a fresh look with hardwood flooring. Both full bathrooms on this level have been completely updated, showcasing contemporary fixtures and finishes. The lower level of the home offers an impressive recreation/family room complete with a decorative fireplace, creating a cozy and welcoming atmosphere. This level also features newer carpeting throughout, a convenient powder room, and a laundry room for added convenience. The backyard oasis can be accessed from both the main floor and the lower level, allowing for seamless indoor-outdoor living. Step outside into the gorgeous backyard, where you'll discover a gardening area ready for your green thumb, along with a storage shed and a patio area perfect for outdoor entertaining. Conveniently located in close proximity to the National Harbor and MGM, you'll have easy access to a variety of restaurants, entertainment options, and amenities. Embrace the opportunity to make this meticulously updated home your own and enjoy a comfortable and vibrant lifestyle in this sought-after neighborhood.
Source: BRIGHT #MDPG2155630
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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.