14500 Thorpe Ln, Upper Marlboro, MD 20772
4 beds · 3 baths · 3,085 sqft
$20,000 PRICE REDUCTION!! Seller is also offering $17,000 concession to the buyer!! Welcome to this beautiful 4-bedroom, 2.5-bathroom home nestled on a serene 5-acre wooded lot. With expansive living spaces and a thoughtful layout, this home provides comfort and style for every member of the family. As you enter the home, notice the beautiful slate foyer and smooth floor transitions. The large country kitchen features modern appliances with ample counter space plus room for a table. The adjacent dining area is ideal for family meals and large gatherings. The family room, with its wood burning fireplace, offers a perfect spot to relax and overlooks the rear patio. The panoramic sliding doors allow for plenty of natural light as you enjoy the peaceful wooded surroundings. There is also a spacious formal living room just off the foyer. On the other side of the home, you’ll find the good-sized primary suite with an ensuite bathroom and 2 closets, providing a private retreat. Two additional bedrooms share a full bathroom and offer plenty of space for family or guests. The lower level, with more than 1,400 finished square feet, has a huge recreation room and the fourth bedroom. You’ll also find the utility room with the whole house water filter, water softener, and boiler. The water heater is part of the boiler system. There is also a water remediation system installed in the basement that spans the entire foundation with multiple sump pumps. The HVAC is a heat pump with a standalone oil boiler radiator. The heat can automatically switch between the heat pump and the boiler OR the boiler can be run in standalone mode with 4 zones. Cooling is provided in the upper level by the heat pump and by window units in the lower level. Outside, the beauty of nature surrounds you. The wooded lot provides tranquility and privacy, while the cleared area is ready for your personal touch. Whether you're looking to have horses, goats, or a chicken coop, plant a large garden, or create an outdoor oasis, this versatile space is ideal. With plenty of room for outdoor activities, this home is perfect for anyone who loves nature and enjoys a rural lifestyle. Located close to local amenities and major highways, this home offers the best of both worlds: peaceful, country living with easy access to everything you need. Don’t miss your chance to own this one-of-a-kind property!
Source: BRIGHT #MDPG2145240
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 #MDPG2145240
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.