9020 Armstrong Ln Upper Marlboro, MD 20772
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About this home
Assumable VA Loan 4.125%. Discover modern living at its finest in this stunning 3-bedroom, 2.5-bathroom home that perfectly balances contemporary style with everyday comfort. Built in 2021, this thoughtfully designed residence showcases premium finishes throughout, including gleaming stainless-steel appliances, elegant quartz countertops, and durable luxury vinyl plank flooring that flows from room to room. The heart of this home features a sleek kitchen equipped with soft-close cabinets and sophisticated accessories. Natural light floods the spacious living areas through large, bright windows that create an inviting atmosphere for both relaxation and entertaining. The primary suite, includes a dramatic tray ceiling adds architectural interest above the comfortable sleeping space. The generously sized walk-in closet provides ample storage, while the ensuite bathroom boasts dual sinks. Additional bedrooms offer flexibility for family, guests, or home office needs. Practical amenities enhance daily living, including a tankless water heater for endless hot water and a Level 2 Tesla charger in the garage for eco-conscious homeowners. Step outside to the attractive composite deck, perfect for outdoor dining and gatherings. This turnkey property also comes with a comprehensive 10-year structural builder warranty, providing peace of mind for years to come. The community offers wonderful recreational opportunities with a walking trail and a playground. Located near Westphalia Central Park, outdoor enthusiasts will appreciate easy access to additional green space and recreational activities.
Source: BRIGHT #MDPG2179920
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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.