3717 Wallingford Ct, Waldorf, MD 20603
4 beds · 3 baths · 3,277 sqft
WELCOME TO YOUR DREAM HOME! This airy 4 bedroom, 2.5 bath single family home is nestled in the much sought after Brentwood community. The home has an inviting interior, lots of natural light, spacious bedrooms, and an owner's suite with dual closets. Enjoy the first floor office, sun room, and family room and spend quality time with family in the basement rec room. The fenced back yard offers privacy and security and features a deck where you can unwind after a long day or entertain guests. For those chilly evenings, gather around the fire pit for cozy conversations and roasting marshmallows. With its unbeatable combination of comfort, amenities, and location, this home welcomes you to a truly exceptional living experience. Come tour this gorgeous single-family home in the sought after Brentwood community. The home boasts an owner's suite with two large walk-in closets and an en suite. There , a beautiful sunroom, a large back yard for loads of entertainment, a finished basement and more. You can also enjoy the bike trail throughout the neighborhood. Conveniently located near shopping centers, restaurants and National Harbor.
Source: BRIGHT #MDCH2041240
Financials
Source: Public records
Source: BRIGHT #MDCH2041240
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.
What 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.