9201 Owings Manor Ct Owings, MD 20736
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About this home
Welcome to 9201 Owings Manor Court, a beautifully maintained and energy-efficient property designed for multi-generational living in the heart of Owings, Maryland. The main residence offers approximately 3,300 sq ft of inviting living space featuring 3 bedrooms and 2 full bathrooms. The open-concept layout includes a spacious family room with a cozy fireplace, a formal dining area, and a large kitchen perfect for gatherings and entertaining. An attached in-law suite adds about 400 sq ft, complete with 1 bedroom, 1 bathroom, and a wet bar—ideal for extended family, guests, or a private office. Also attached to the main home, the accessory dwelling unit (ADU) provides approximately 1,300 sq ft with 3 bedrooms and 1 bathroom. The ADU features its own dedicated parking area, guest parking, and a private fenced yard, offering privacy and independence for tenants or family members. The attached 2-stall garage (≈ 670 sq ft) connects directly to a fully paved blacktop driveway that extends from the street to the garage, providing smooth access and ample parking space. Inside, the main structure also includes an unfinished 500 sq ft storage area, perfect for future finishing or workshop use, and two outdoor sheds adding another 400 sq ft of storage. Situated on a 1-acre lot surrounded by mature trees, the property offers plenty of shade, privacy, and outdoor comfort—perfect for relaxing, entertaining, or gardening. Recent upgrades include new roofs (2022) on the main home and sheds, a new HVAC system (2022) for the main home, and a 27 kW Tesla solar system (leased) that provides significant energy efficiency and long-term savings. Altogether, this exceptional property offers over 5,800 sq ft of combined living and utility space on a beautiful, shaded acre, with modern updates, a paved drive, and flexible living options—an ideal find in Calvert County.
Source: BRIGHT #MDCA2022250
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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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