719 Manning Rd E Accokeek, MD 20607
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About this home
This newly renovated and thoughtfully updated one-level rambler offers 5 bedrooms and 3.5 bathrooms on just over a half-acre of land. Every detail has been carefully considered, with custom wood accent walls on the exterior that flow beautifully into the home’s interior feature wall blending warmth and contemporary style. Step inside to find an open and bright layout that allows for flexible design and effortless entertaining. The stunning kitchen features a massive island, elegant quartz countertops, stainless steel appliances, and ample cabinet space the perfect centerpiece for gatherings. Light-filled and airy, the main living area provides a comfortable flow ideal for modern living. The split-bedroom floor plan ensures privacy, with a spacious primary suite that will take your breath away. The primary bathroom offers luxurious finishes and spa-like comfort. Four additional bedrooms provide endless versatility ideal for guest rooms, a home office, or a playroom. Practical features abound, including a dedicated laundry/mud room with a convenient drop zone off the covered porch. The contemporary front deck adds curb appeal and charm, while the large, level yard is perfect for outdoor activities, BBQs, and relaxing evenings. A huge shed offers great storage options, and the brand-new driveway provides plenty of parking. Located close to shopping, dining, and schools, this home also offers an easy commute to Northern Virginia, Andrews Air Force Base, Washington D.C., and beyond. This home is truly a masterpiece beautifully designed, move-in ready, and waiting for you!
Source: BRIGHT #MDPG2180616
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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.