This Gorgeous 3BR / 2.5 BA townhome is nestled in the charming Norbourne Park community. This exquisite Colonial townhouse offers a perfect blend of modern luxury and timeless elegance. Built in 2019, this residence boasts 1,848 square feet of meticulously designed living space, ensuring comfort and sophistication at every turn. Step inside to discover an inviting open floor plan that seamlessly connects the family room and kitchen, creating an ideal space for both relaxation and entertaining. The family room, adorned with warm wood floors and recessed lighting, invites you to unwind after a long day. The heart of the home, the kitchen, features upgraded countertops, a spacious island, and stainless steel appliances, including a built-in microwave, dishwasher, and icemaker. With ample table space and a pantry, this kitchen is a culinary enthusiast's dream. Retreat to the luxurious primary suite, complete with a walk-in closet and a spa-like bathroom featuring a soaking tub and a stall shower. Two additional well-appointed bedrooms provide ample space for guests or a home office, while the second full bathroom and a convenient half bath ensure comfort for all. The exterior of the home is equally impressive, showcasing a classic brick front and vinyl siding that exude curb appeal. Enjoy evenings on your private balcony, perfect for sipping morning coffee or unwinding with a good book. The property also features exterior lighting, enhancing the ambiance of your outdoor space. Parking is a breeze with a rear-entry attached garage that accommodates two vehicles, along with additional driveway and on-street options. The community amenities include tot lots and playgrounds, providing a welcoming environment for leisure and recreation. This home is not just a residence; it's a lifestyle. Experience the perfect blend of luxury, comfort, and community in this stunning townhouse, where every detail has been thoughtfully curated to create a warm and inviting atmosphere. Norbourne Park is a quiet neighborhood conveniently located near Marlboro Pike and the Beltway, and just a short drive to Joint Base Andrews and conveniently located between Washington DC, Annapolis and BWI Airport. Embrace the opportunity to make this exceptional property your own and enjoy the exclusive lifestyle it offers.
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.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
