1110 Upper Pindell Rd, Lothian, MD 20711
3 beds · 3 baths · 4,224 sqft
Welcome to this beautiful home perfect for entertaining and offers a variety of spaces to suit every lifestyle. The gourmet kitchen comes fully equipped with all appliances. The spacious living room with built in benches makes it a cozy sitting area feature a built-in wine cooler, perfect for relaxing or hosting guests. The primary bedroom is conveniently located on the main level and boasts a luxurious primary bathroom and a large walk-in closet with custom built-ins. This space has the potential to be converted into another bedroom if needed. Step outside to your private oasis with a back deck leading to an in-ground pool, an outdoor kitchen with a grill, and plenty of room for entertaining or enjoying the beautiful outdoors. Adjacent to the kitchen, you'll find a second primary bedroom with a fireplace – perfect as a guest suite, or for use as a family room or quiet retreat. The lower level offers a third bedroom, a large recreation room, and an additional room that could be perfect as an office or workout area – the possibilities are endless. With two separate garages offering seven parking spaces and additional parking space for guests, this home ensures convenience and comfort. A charming garden koi pond adds to the peaceful ambiance of the front yard. Located just an easy commute route 4 to Washington DC, this home offers the perfect balance of peaceful living and accessibility to the city. Don’t miss out on this incredible opportunity! The seller is offering a 1 year HMS home warranty. Being Sold As-Is.
Source: BRIGHT #MDAA2105782
Financials
Source: BRIGHT #MDAA2105782
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.
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