4517 Hatties Progress Dr, Bowie, MD 20720
4 beds · 4 baths · 4,000 sqft
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This stunning brick Colonial-style residence offers 4,000 square feet of refined living space, featuring 4 bedrooms, 3 full baths, 1 half bath, and a spacious 2-car garage in desirable Fairwood. Hardwood floors extend throughout the open-concept main level, accentuated by elegant crown molding and oversized windows that fill the home with natural light. The grand foyer seamlessly leads into the formal living room, framed by stately columns, and continues through an arched walkway into the formal dining room, complete with a classic chair railing. The eat-in kitchen is a chef’s delight, boasting a breakfast bar island, granite countertops, sleek knob-less cabinetry, double sinks, and stainless steel appliances, including a gas range. A sunlit breakfast room with exterior access enhances the space. Adjacent, the impressive two-story family room features soaring cathedral ceilings, built-in shelving, and a striking wall of windows surrounding a cozy gas fireplace. A private home office, a dedicated laundry room, and a convenient powder room complete the main level. Upstairs, the home offers three full bathrooms and four generously sized bedrooms, including a luxurious primary suite with a tray ceiling, a sitting area, walk-in closets, and a spa-like ensuite bath featuring a jetted tub, a separate water closet, and dual vanities. The fully finished lower level provides exceptional additional living space, complete with a recreation room, built-ins, a wet bar, walk-out exterior access, a versatile bonus room, and a full bathroom. Outdoor living is just as inviting, with a deck and a covered patio beneath, all backing to a serene wooded setting. Enjoy an array of community amenities, including a bike trail, clubhouse, scenic paths, a community pool, tennis courts, a volleyball court, and a playground. Updates Galore: HVAC Upper Level (High Efficiency 2018), HVAC Main (High Efficiency 2020), Premium Carpet on main & upper levels (2024), Oven (2024), Cooktop (2024), Washer & Dryer (2021), Dishwasher (2020), Refrigerator (2020), Microwave (2017)
Source: BRIGHT #MDPG2145872
All values shown are estimated costs / mo.
Source: Public records
Source: BRIGHT #MDPG2145872
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 of Equal Opportunity Act.