43449 Greg St, Hollywood, MD 20636
3 beds · 3 baths · 3,374 sqft
Stunning Like-New Rambler in Twin Ponds! The desirable Tappahannock model built by Quality Built Homes! Why wait for new construction... you can't build this model with these upgrades for this price! Fenced yard, lawn irrigation, and energy saving solar panels! The seller-owned solar panels provide significant energy savings and average electric bills of $30.00. Featuring 3 spacious bedrooms and 3 full bathrooms, a fantastic layout and great yard! This clean and modern home has been meticulously cared for and is move-in ready. The gorgeous white kitchen, complete with stainless steel appliances, a large island, and a huge walk-in pantry for all of your baking and kitchen storage needs. The expansive owner's suite provides a private retreat, accompanied by a spa-like bathroom with soaking tub, grand tile shower and double vanities. You'll love the dedicated mudroom with drop zone and cubbies for an organized transition between indoor and outdoor living. One of the best highlights of this home is the expansive unfinished basement, already equipped with a full bathroom. Finish the basement for an additional 2500+ sqft of living space! That would give you over a 5000 sqft home! The possibilities are endless – transform this space into a home gym, entertainment area, or additional living quarters tailored to your lifestyle. This home could be the perfect set up for multi-generational living! Step outside on the deck to a fenced yard offering privacy and security. The entire yard has lawn irrigation system for a consistently lush and green landscape. Situated just a few min to Leonardtown, California, and PAX River Naval Air station! This home combines community spirit with proximity to nearby attractions, schools, parks, and shopping centers. Leonardtown School District! Don't miss the opportunity to make 43449 Greg Street your dream home. Contact us today to schedule a private showing .
Source: BRIGHT #MDSM2023104
Source: BRIGHT #MDSM2023104
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. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
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 “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.
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 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 of Equal Opportunity Act.