11554 Bowie Ct, Lusby, MD 20657
4 beds · 3 baths · 2,400 sqft
So much larger than it appears in photos. This stunning, better than new, 3-level home in Chesapeake Ranch Estates is packed with exceptional features and upgrades, offering 4 spacious bedrooms and 3 full baths. The main level welcomes you with a luxurious primary suite featuring marble tile flooring, a stand-up shower, and a sleek light-up mirror for a spa-like experience. The open-concept living space includes dimmable, color-changing lights, gorgeous LVP flooring, and a beautifully updated chef’s kitchen with stainless steel appliances, a generous pantry, and plenty of cabinet and counter space, perfect for meal prep and entertaining. A versatile room on this level can serve as a bedroom or study, plus a full bathroom with modern tile completes the space. Head upstairs to discover window treatment blinds and privacy tint for comfort and seclusion, along with another large, flexible room ideal for a bedroom, rec room, or guest space—an inviting retreat for guests. The lower level of this home is a true standout! Featuring LVP flooring in the stylish bar area with a built-in wine fridge, it's the perfect space for entertaining. Two additional spacious bedrooms and a fully updated guest bath. Plus, the cozy lounge area is perfect for winding down or enjoying a movie night, offering ultimate comfort and relaxation. Step outside to the beautifully landscaped backyard, featuring a professional brick-laid fireplace/lounge area with a 20ft diameter, perfect for gathering with friends and family. The large concrete patio beneath the deck offers even more space for entertaining, while the wooden privacy fence, gravel walkway, and brick-laid garden bed provide the perfect blend of privacy and curb appeal. With EV charging, driveway parking, and plenty of updates throughout, this home truly has it all. Don’t miss your chance to make this dream home yours—schedule a tour today!
Source: BRIGHT #MDCA2019826
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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 #MDCA2019826
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.