23687 Coventry Dr, Leonardtown, MD 20650
6 beds · 5 baths · 4,650 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Significant Price Adjustment – Now Priced Below Market Value! Seize the opportunity to make this stunning, move-in-ready 6-bedroom, 4.5-bath home your own. Situated on a prime corner lot in the sought-after Leonard's Grant community, this home offers over 5,500 square feet of beautifully finished space designed for comfort, entertaining, and everyday living. Highlights include a Gourmet Kitchen with granite countertops, oversized island, double ovens, gas cooking, and an attached Butler’s Pantry and Breakfast Room. The Main Floor Primary Suite features double walk-in closets, a spa-like bath, and private balcony overlooking the pond. Additional main-level features include a large Living Room with gas fireplace, formal Dining Room, Laundry Room, and heated/cooled Sunroom with seven windows. Upstairs you'll find four spacious bedrooms, two full baths, laundry hookups, and ample storage. The lower level is built for entertaining, with a massive Recreation Room, wet bar, fitness area, Home Theater with 106" screen and surround sound, and multiple storage spaces. Walkout access leads to patios, a workshop, and additional storage. The home also includes a central vacuum, 220V EV charging outlet, alarm system, security cameras, and extra concrete parking pad. Located just down the street from the community pool, clubhouse, parks, and library, and minutes to PAX River and shopping. Freshly painted and move-in ready—don’t miss this incredible value!
Source: BRIGHT #MDSM2023524
Source: BRIGHT #MDSM2023524
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.