936 Decesaris Dr Lothian, MD 20711
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About this home
Welcome to 936 Decesaris Drive, a beautifully maintained Custom Built Colonial nestled on just over two acres in the desirable Winding Brooke community of Lothian. Built in 2001 and lovingly cared for by its original owners, this 4-bedroom, 2.5-bath home offers over 2,400 square feet of living space with timeless design and modern updates. Step inside to find a bright, open layout accented by hardwood floors throughout the main level. The spacious kitchen features a large Corian island, abundant cabinetry, and both casual dining and formal entertaining options. The adjoining family room, complete with a cozy gas fireplace, provides the perfect gathering space, while the formal living and dining rooms add charm and flexibility. Upstairs, the generous primary suite boasts an updated en-suite bath with a glass-enclosed tile shower and walk-n closet. Three additional bedrooms and a full hall bath ensure plenty of room for family and guests. The walk-out basement is unfinished but already plumbed for a future bath, offering endless potential for expansion. Enjoy the outdoors from the large rear deck overlooking a private backyard retreat with an in-ground pool , ideal for entertaining or quiet relaxation and a wall of mature trees provding the ultimate in privacy. Recent upgrades include a newer roof (2022), brand-new refrigerator, fresh carpeting, gutter guards, a propane backup heating system, whole-house generator, and a large storage shed. When power outages occur, transfer switch automatically activates generator within approximately 30 seconds and automatically turns generator off when power is restored. In addition, a full house cartridge type, water filter that removes sediment, rust, and odors was recently installed. With its blend of classic style, modern conveniences, and exceptional outdoor amenities, this home is move-in ready and waiting for its next chapter. Don’t miss the opportunity to make it yours!
Source: BRIGHT #MDAA2124802
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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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