9405 Geaton Park Pl Lanham, MD 20706
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About this home
***BACK ON MARKET**BUYER DID NOT PERFORM**THEIR LOSS IS YOUR GAIN***FHA APPROVED CONDO*** *BONUS SELLER PAYS ALL HOA/CONDO DUES THROUGH JUNE 2026* Welcome to 9405 Geaton Park Pl—a stunning, impeccably like new townhome style condo in one of Lanham’s most walkable and convenient communities! This 3-bedroom, 2.5-bath with 2300 square feet is a beauty that features a one-car garage, elegant accent walls, and plush carpet paired with hardwood floors throughout the spacious main level. The heart of the home is the gourmet kitchen, boasting an oversized granite island, stainless steel appliances, ample cabinetry, and a balcony perfect for morning coffee or evening wine. Upstairs, the light-filled primary suite offers dual walk-in closets, a private balcony, and a luxurious en-suite with dual vanities, large luxury corner shower includes dual shower heads + benches. You’ll also find generously sized secondary bedrooms, both with easy access to a hall bath with dual sinks—perfect for guests or family. The wide stairwell adds to the open, airy feel of the home, and every inch is designed with comfort and functionality in mind. Enjoy access to a clubhouse with gym, pool, basketball and tennis courts, playground and tot lots, plus you’re just moments from Costco, Wegmans, Woodmore Towne Centre, Target, Starbucks, and a variety of restaurants. Commuter-friendly with quick access to major routes and transit. This is low-maintenance living with luxury finishes and unbeatable location—schedule your tour today!
Source: BRIGHT #MDPG2161498
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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.