9303 Geaton Park Pl Lanham, MD 20706
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About this home
Exceptional Opportunity to get a home with a 4% Assumable FHA Loan with Roam. And this home has over 4,000 square feet of refined comfort and modern elegance in the highly sought-after Woodmore Town Centre Subdivision. Built just 10 years ago and meticulously maintained by the original owners, this impressive 5-bedroom, 4.5-bathroom home offers space, style, and sophistication on every level—including a fully finished basement designed to suit a variety of lifestyles. As you step into the grand foyer, you’re greeted by rich dark hardwood flooring that extends throughout the open-concept main level. The seamless layout connects the spacious family room to the gourmet kitchen, which boasts 42-inch dark wood cabinetry, granite countertops, a central island, stainless steel appliances, a built-in oven and microwave, and a gas cooktop—perfect for entertaining or simply enjoying your morning coffee. Upstairs, each bedroom offers generous space and large closets. The luxurious owner's suite is a true retreat, featuring a massive walk-in closet, spa-like bath with a soaking tub, glass-enclosed shower with built-in seat, dual vanities, and ample natural light. Enjoy convenient main-level laundry with a full-sized washer and dryer set beneath deep storage cabinetry. The low-maintenance backyard provides a tranquil escape, ideal for relaxing mornings or elegant evening gatherings. The finished basement adds even more flexibility, featuring a fifth bedroom, bonus room, wet bar, and plenty of open space to tailor to your needs—whether a home theater, gym, or game room. Additional highlights include: Two-car garage and spacious driveway with ample off-street parking, Solar panels (leased, nearly paid off) — recent electric bill was just $8! Access to top-tier community amenities including a clubhouse, fitness center, tennis courts, and swimming pool. Prime location just minutes from I-495, I-95, Route 50, BW Parkway, and only 20 minutes to Washington, D.C. Quick access to shopping, dining, and everyday essentials. This is your opportunity to own a modern, move-in-ready home in one of the area’s most prestigious communities. Don’t miss out—schedule your showing today! Owners are in the process of moving—please pardon the boxes.
Source: BRIGHT #MDPG2158066
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Close stress-free in 45 days, handled start to finish by Roam.
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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.