41572 Briarwood Cir, Leonardtown, MD 20650
5 beds · 4 baths · 2,850 sqft
VA Assumable Loan at 3.875% (Veteran Only with Eligibility Certificate) Stunning Townhome in Clarks Rest. Welcome to this beautifully maintained, nearly-new end-unit townhome in the sought-after Clarks Rest Community in the heart of Leonardtown. Nestled among lush trees, this home offers unparalleled privacy with serene wooded views from both the rear and side. Step inside to a spacious main level featuring luxury vinyl plank flooring and a convenient bonus bedroom perfect for guests or a home office. The separate dining room boasts an upgraded crown molding package, adding a touch of sophistication. The chef-inspired kitchen is a dream, showcasing sealed quartz countertops, a designer tile backsplash, 42" maple cabinetry with modern pulls, under-cabinet and over-cabinet lighting, and a separate coffee bar station. You'll also enjoy the convenience of a pantry and appliance closet, as well as a breakfast bar, table space, disposer, built-in microwave, and recessed lighting. The stainless steel appliances complete the sleek, contemporary design. A sliding glass door opens to your rear deck, offering a peaceful escape with beautiful nature views. The spacious family room, just off the kitchen, features a newly built-in electric fireplace with wood mantle, a ceiling fan, and windows providing natural light and serene views, making it the perfect spot for relaxation and gatherings. Upstairs, you'll find three generously-sized bedrooms, two full bathrooms, and the laundry for added convenience. The owner's suite is a true retreat with a generous walk-in closet and a luxurious spa-like bath featuring a large dual sink vanity, a separate soaking tub, and a frameless walk-in shower with beautiful ceramic tile. The lower level offers even more space, with a recreation room, an additional guest bedroom, a full bath, and a walkout to your two-car garage. A bonus feature of this home is the extra large storage closets on all three levels! This home is just three years old and comes with the peace of mind of a Builder's 2-10 Warranty that's valid for an additional seven years. The home has been freshly painted throughout, and the deck was sealed within the past 6 months, ensuring this home is ready for you to move in and enjoy. Clarks Rest residents enjoy a range of community amenities, including the community pool, a baby/toddler pool, sports courts (basketball and tennis), a beautiful clubhouse, walking nature trails, playgrounds, and open green spaces for relaxation and play. Experience the best of Leonardtown living with the seasonal Leonardtown Trolley. Hop on right from your neighborhood sidewalk and enjoy the ride around town with stops at the local winery, restaurants, pubs, coffee shops, charming bakeries, and of course, the Leonardtown Wharf. Spend your free time at nearby parks, beaches, museums, boardwalks, and theaters. Located just a short drive from Patuxent Naval Air Station (PAX), this home also offers access to excellent Leonardtown schools: Leonardtown High, Leonardtown Middle, and Leonardtown Elementary. Clarks Rest is a "walkable" community providing sidewalks throughout that also lead to the charming downtown with many stops along the way, including the library, schools, parks, and more. Love where you live here in Leonardtown, a most convenient place!
Source: BRIGHT #MDSM2023192
Source: BRIGHT #MDSM2023192
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.