3310 Saint Marys View Rd, Accokeek, MD 20607
4 beds · 4 baths · 1,944 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Look no further! Large 3-level end unit townhome located in the sought-after Preserve at Piscataway, rated 2023’s Large Community Association of the Year! Bedroom and full bath with access to 2-car garage on the main level. Driveway accommodates three vehicles, in addition to ample street parking. Second level features spacious kitchen with countertop dining and eat-in breakfast area. Open floor plan with formal dining area and cozy living room with gas fireplace. Extended outdoor living area on large deck. Great for outdoor entertaining. Enjoy expansive living quarters on the third level with huge primary suite featuring walk-in closet and large bathroom with soaking tub, separate shower, and double sinks. Two additional bedrooms/office space allow plenty of space for growth and guests. Convenient laundry room on the upper level, too! Neighborhood is full of amenities including Community Clubhouse, pool, fitness gym, playgrounds, tennis court, walking trails, and much more. Just minutes from schools, National Harbor, shopping, restaurants, and major highways. This is a well-kept home – come see and say “Yes” to this address!
Source: BRIGHT #MDPG2147762
All values shown are estimated costs / mo.
Source: Public records
Source: BRIGHT #MDPG2147762
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.