21620 Coves End Ct, Leonardtown, MD 20650
4 beds · 4 baths · 3,541 sqft
ASSUMABLE RATE MORTGAGE AVAILABLE AT 2.5%. Don't miss your chance to own property in the highly desirable Breton Bay Golf Community of Leonardtown. Here you'll enjoy stunning views of the beautiful golf course and the perks of living in a waterfront community with a nearby marina and access to a private beach area of the Bay! Situated on a small, quiet cul-de-sac street located directly across from the golf course. This level lot spans almost an acre, inviting you to sit back and relax on your front porch. As you step through the front door, you'll be greeted by the double-height ceilings and an Elegant staircase. A private office space, large enough to accommodate an executive desk, enclosed with glass French doors—creating the perfect setting for a quiet home office. Continuing down the hallway, you'll discover the open-concept living room, featuring 18-foot ceilings and expansive window space with picture windows that provide an abundance of natural daytime lighting. The living room features a gas fireplace, providing a comfortable environment that can accommodate a sectional sofa of any size. Transitioning into the gourmet kitchen, one will find an array of high-end matching Wolf brand stainless steel appliances. Built-in countertop gas cook range, double wall ovens, and steam option microwave. The refrigerator is a brand-new KitchenAid. Elegantly appointed cream-colored raised panel custom cabinetry, a spacious center island, granite countertops, and a decorative tiled backsplash. Additionally, the kitchen incorporates a breakfast nook that can accommodate a full-size dining table. The main floor further includes a separate formal living room and dining room, as well as an impressive full-size bar area. This bar features an additional refrigerator, ceiling-height shelving, and bar countertops that can comfortably accommodate four barstools. The sizable back deck is constructed from composite decking material— The custom-built deck is enhanced with solar pillar lighting, making it an ideal space for patio furniture and enjoyment of the private backyard. On the upper level, the expansive owner's suite presents a walk-in closet equipped with built-in shelving and countertops. The ensuite bathroom was modernly remodeled, featuring a tiled alcove Whirlpool bathtub, a beautifully tiled walk-in shower with built-in wall shelves, and a bench. Create a neat space with his and her sinks and the ceiling-height built-in cabinetry. The upper floor accommodates a total of four bedrooms. The hallway bathroom has also been updated, offering new vanities, flooring, and a walk-in tiled shower equipped with modern fixtures. An additional full bathroom is located in one of the bedrooms. The property includes an interior-access basement featuring three large separate areas. The HVAC system and tankless hot water tank were replaced two years ago. With no HOA, you still have the option to join the Breton Bay Golf and Country Club, which features a competition-sized pool with a separate diving area and tennis courts. An open house is scheduled for Saturday, April 5th, from 2-3 PM.
Source: BRIGHT #MDSM2022942
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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
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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 #MDSM2022942
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.