3411 King Dr, Dunkirk, MD 20754
3 beds · 3 baths · sqft
This expanded 3BR/2.5BA Farm home sits atop of a sprawling lot boasting plenty of green space, adult trees, pruned landscaping and raised garden beds. Step inside to gleaming hardwood flooring that carries throughout the main and second floors, To the left of the main entry, behind french doors, is a home office/music room, and to the right is the oversized living room with a beautiful fireplace surrounded by a brick hearth and wood mantel. Walk through into the oversized dining room and spectacular kitchen. The kitchen boasts plenty of cabinets finished to the ceiling with crown moldings, a pantry, granite countertops, stainless steel appliances including a slide in electric range, a double stainless sink below a pass through into the bar and family room, and a large center island with seating for at least six. From the dining room, step down into the expanded family room with a vaulted wood plank ceiling, a bar with sink and banquet of cabinets, room for entertaining, and a bonus room featuring a hot tub. Off the dining room is a large library/home office with a vaulted wood plank ceiling. Completing this floor is a laundry/mud room, a half bath and access to the garage. Take the elegant staircase to the second floor featuring two sizable secondary bedrooms, a full bath, and a private primary suite. The primary boasts two closets, and a private ensuite offering a walk-in shower. The lower level is unfinished, offering storage and utilities. From the family room step outside to a yard filled with green space, shade trees, and a stone patio surrounded by nature. From the home office step out onto a large wood deck that attaches to the front porch. This home is move-in ready with so much to offer new homeowners including three skylights, custom wood accents throughout, and much more. An attached two-car garage overs additional parking and storage. Additionally, there is a large outbuilding with concrete floors, that could be utilized for historic cars, equipment, a workshop, or converted into an office. This special property offers privacy and peace, as well as proximity to the Patuxent River and the Chesapeake bay. Don't miss your chance to call this your home!
Source: BRIGHT #MDCA2018664
Source: BRIGHT #MDCA2018664
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%. 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.
Other resourcesWhat 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.
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