13405 Frontgate Dr, Upper Marlboro, MD 20774
5 beds · 6 baths · 4,484 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Often desired, yet rarely found... This stunning Colonial-style home offers the best of both worlds, featuring spacious owner's suites on both the main and upper level of the home. Each suite includes a luxurious bathroom complete with a soaking tub, standalone shower, double sinks with elegant granite countertops, and expansive walk-in closets. Ideal for multi generational living. Nestled in a peaceful cul-de-sac, this stunning home sits on a beautifully manicured 0.86-acre premium lot backing to trees. Step inside to find sun-drenched spaces, gleaming hardwood floors, brand new carpeting, recessed lighting, 9-foot ceilings, and an abundance of storage throughout. You're welcomed by a grand 2-story open foyer adorned with elegant crown molding that flows seamlessly throughout. Off the foyer, there’s a private study with custom built-in bookshelves and a spacious formal living room highlighted by stately decorative columns. The heart of the home.. the kitchen which boasts granite countertops, an island cooktop, double wall ovens, 42-inch cabinets, generous counter space, and a large pantry. Adjacent to the kitchen is a cozy family room with a gas, stone-faced fireplace, and a formal dining room, perfect for entertaining. The family room opens to a lovely deck, ideal for summer gatherings. A convenient half bath completes the main level. Upstairs, in addition to the second owners suite you'll find the spacious third and fourth bedrooms, each featuring their own full bathroom. The fully finished walk-out lower level offers incredible space and versatility. Enjoy a wet bar with granite counters and cabinetry, perfect for hosting. There's a separate massive bedroom with a walk-in closet that would also make for an excellent home theater, there is another additional room ideal for a gym, and a large unfinished space for seasonal storage. There is a full bathroom that completes this level perfectly. The walk-out leads to a flat, usable backyard via a wide stairway. Additional highlights... the sought after 3-car side load garage and a whole-house generator system for peace of mind. Schedule your private tour today!
Source: BRIGHT #MDPG2149514
Learn about how it works
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
All values shown are estimated costs / mo.
Source: Public records
Source: BRIGHT #MDPG2149514
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 and Equal Opportunity Act.