10304 Twin Knoll Way, Upper Marlboro, MD 20772
4 beds · 4 baths · 2,464 sqft
STATELY COLONIAL RESIDENCE! Step into timeless sophistication with this move-in-ready colonial home, offering an impressive 3,696 square feet of living space. Designed for comfort and gracious living, this residence features four generously sized bedrooms, 3.5 baths, a fully FINISHED WALKOUT BASEMENT, and fresh paint throughout. Do not miss the show-off primary bath with SHOWER ROOM with glass door, double sinks and soaking tub with an enclosed television. That's right a soaking tub with an ENCLOSED TELEVISION! Upon entering, you’ll be captivated by the gleaming hardwood floors that grace the foyer, staircase, and upper-level hallway, while each of the four bedrooms showcases stunning, low-maintenance laminate flooring. The chef’s kitchen is a masterpiece, boasting UNDER CABINET MOTION SENSOR LIGHTING that comes on automatically when you enter the kitchen, pristine white cabinetry, granite countertops, premium stainless-steel appliances, a designer backsplash, and a stylish center island—a perfect blend of sophistication and functionality. Seamlessly connected to the kitchen, the inviting family room offers warmth and ambiance with a cozy gas fireplace and convenient ceiling fan. The fully finished walkout basement provides endless possibilities with a spacious recreation room, a full third bath, and an additional den that can serve as a fifth bedroom, a private home office or maybe even a theater room. For your convenience, the two-car garage ensures effortless parking and storage. Additionally, this home is equipped with a BACK-UP GENERATOR, offering peace of mind during power outages, plus an IRRIGATION SYSTEM to keep your lawn vibrant all summer long. There's more, do not miss the exterior STORAGE SHRED. With its classic charm, modern amenities, and attention to detail, this home is a gem. Schedule your private tour today. This opportunity won’t last!
Source: BRIGHT #MDPG2145070
Financials
Source: BRIGHT #MDPG2145070
Source: Public records
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%. 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.
Other resourcesWhat is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.