11011 Flying Change Ct, Upper Marlboro, MD 20772
4 beds · 5 baths · 3,417 sqft
Days on market is not a reflection of the condition of this beautiful home. It was under contract, however buyer had a home contingency sale in Waldorf they could not sell and that is why we are back to active. Seller offering $5000 concession. Buyer home contingency fell through. Welcome to this stunning, meticulously maintained home located in the prestigious Marlboro Ridge development! This freshly painted spacious home boasts a two car garage, 4 bedrooms, 3 full bathrooms, and 1 half bathroom, providing ample space for comfort and convenience. Situated on a serene court, this home offers luxurious living with modern amenities. As you step inside, you’re welcomed by an elegant open floor plan, gleaming hardwood floors, and sunlit rooms. The expansive kitchen is a chef’s dream, complete with granite countertops, stainless steel appliances including a new dishwasher, and a large island perfect for entertaining. Just off the kitchen is a screened-in deck, ideal for enjoying Maryland’s seasons while relaxing or hosting guests outdoors in privacy. The finished basement is an entertainer's paradise, featuring a wet bar and a movie room. Walk out basement to patio to enjoy your fenced in yard. Each of the four bedrooms are generously sized, and the primary suite offers a luxurious ensuite bath and walk-in closets and separate sitting area. Additional highlights include a spacious family room with an electric fireplace, formal dining room, formal living room and office on main floor and ample storage throughout. Located within the beautiful Marlboro Ridge equestrian community, residents have access to resort-style amenities, including a clubhouse, swimming pool, fitness center, and walking trails. This property combines elegance with functionality in a peaceful setting, close to commuter routes and just a short drive from the heart of Upper Marlboro. Make this your forever home!
Source: BRIGHT #MDPG2129178
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Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
Source: BRIGHT #MDPG2129178
To qualify, you must meet the current FHA or VA 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
What 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 “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.
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 620, 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.
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