12602 Asbury Dr, Fort Washington, MD 20744
5 beds · 3 baths · 2,001 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to this stunning, newly renovated , 4-bed, 2 1/2-bath detached home in the highly desired Tantalion on the Potomac. This stunning remodeled home is a testament to modern elegance and sophisticated design. Exceptionally timeless architecture unfolds over two levels of luxurious living space. Boasting brand new features including, kitchen, lighting, and hard flooring throughout, this home offers unmatched natural light, ample storage, and exquisite architectural details. As you drive thru the beautifully manicured tree line neighborhood and pull into the multiple car drive-way with attached garage entrance, you are met by a generous fenced in lot with plenty of curb appeal. Upon entering, you are greeted by a timeless floor plan that seamlessly connects the dining and kitchen areas creating a spacious and inviting atmosphere. This level continues to impress with a fully remodeled spacious kitchen, featuring stunning Quartz countertops, brand new cabinetry, upgraded stainless steel appliances, and a stove – perfect for the home chef. This unique floor plan stands out with a beautiful rear addition on the main level, that has been remodeled to feature a sun soaked den with accent wall and built in fire place that is perfect for any occasion. Completing the main level is access to a sun room, great for soaking up some rays on those "Easy Sunday" mornings; with Classic glass sliding doors that lead to an outdoor patio, that opens up to a spacious yard that is perfect for outdoor activities, gardening, and entertaining guests. Three well-sized bedrooms grace the upper level, sharing a luxurious bathroom with designer tile flooring. The primary suite, with en suite private bathroom features a stand alone designer shower with gold accents that make you feel like you stepped into your own mini spa. This well-priced Ft Washington home offers easy access to all the best things Prince Georges county has to offer, including parks, marina, hospitals, a friendly atmosphere, excellent schools, easy access to Route 210, 495/95, and Northern Virginia. It's just minutes from National Harbor, Fort Washington Park, shopping centers, restaurants, and recreational facilities. Commuter-friendly with easy access to bus lines, making travel convenient.
Source: BRIGHT #MDPG2144000
All values shown are estimated costs / mo.
Source: Public records
Source: BRIGHT #MDPG2144000
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.
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.
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.
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.
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.