9659 Norfolk Ave Laurel, MD 20723
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About this home
Nestled in the charming North Laurel Park subdivision, this exquisite traditional home has undergone a stunning renovation in 2023, blending modern luxury with timeless elegance. The property boasts a captivating brick front and vinyl siding, creating a warm and inviting curb appeal that welcomes you home. Step inside to discover a meticulously designed interior that exudes comfort and sophistication. The open floor plan seamlessly connects the gourmet kitchen, complete with upgraded countertops, stainless steel appliances, and a spacious island, to the dining area and family room. Recessed lighting throughout enhances the ambiance, while natural light floods the space through bay windows. The home features three generously sized bedrooms, each designed with relaxation in mind. The primary suite is a true retreat, featuring two luxurious walk-in closets and an en-suite bathroom equipped with a walk-in shower. Additional bathrooms are thoughtfully appointed, ensuring convenience for both residents and guests. The fully finished basement offers endless possibilities, featuring two bonus rooms that can serve as guest suites or office space, as well as heated floors and ample natural light, making this area both functional and inviting. Step outside to your private oasis, featuring a beautifully maintained in-ground pool with deck, perfect for enjoying summer days. The renovated deck (2024) includes two ceiling fans, providing a comfortable space to relax and entertain. Additional outdoor features include a play area for kids and ample storage. Modern upgrades include a new roof and siding (2023), a new AC (2024), and a driveway replaced in 2020, accommodating up to four vehicles. Other conveniences include motion detectors for enhanced security and a dedicated laundry area. This home is not just a residence; it's a lifestyle. With easy access to metro stations and commuter lots, you can enjoy the tranquility of suburban living while remaining connected to the vibrancy of city life. Experience the perfect blend of luxury, comfort, and convenience in this exceptional property. Your dream home awaits!
Source: BRIGHT #MDHW2059604
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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.