143 Meadowcroft Dr, Centreville, MD 21617
4 beds · 3 baths · 3,290 sqft
Welcome to 143 Meadowcroft Drive, a beautiful home in the heart of the highly sought-after Northbrook Community in Centreville, MD! This stunning Waterford model home effortlessly combines casual elegance with modern comfort, offering 3200+ square feet of beautifully designed living space. Step inside and be greeted by the warmth of the new luxury vinyl plank flooring that flows throughout the main level. With 4 spacious bedrooms and 2.5 bathrooms, there's plenty of room for everyone to spread out and find their cozy corner. The open floor plan invites you to explore the expansive living areas, perfect for family gatherings or entertaining friends. The kitchen seamlessly connects to a bright sunroom, providing a lovely spot for morning coffee or an afternoon read. Need a home office or a creative space? The main level also features a dedicated office, ready to inspire productivity. Upstairs, the master suite offers a versatile sitting room that can easily transform into a nursery, workout area, or additional office space. You'll love the fenced-in backyard, ideal for outdoor fun and relaxation. The patio is perfect for barbecues, while the covered front porch invites you to unwind and enjoy the fresh air. This home is ready for you to move in and make it your own. The North Brook Community offers a Tot Lot, Soccer Field, Pavilion, and Walking Trails, while being just a quick drive to Historic Centreville, the Centreville Wharf & Public Landing, and various parks and restaurants. And with just a short 25-minute drive to the Bay Bridge, this home presents an unmissable opportunity. Come and see why 143 Meadowcroft Drive is the perfect place to call home. Don't miss out—schedule your tour today!
Source: BRIGHT #MDQA2012572
Why Roam
Lower rates and lower down payments
The only homebuying option for you to put 5% down and get a 5% rate.
Closing guarantee
We can close in 45 days or we’ll pay the seller’s mortgage until we close.
Offer acceptance
95% of offers accepted when made with Roam. 5% accepted without.
Have questions? Email support@withroam.com
Source: Public records
Source: BRIGHT #MDQA2012572
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.
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 “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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.