4639 Pendall Dr, Fort Washington, MD 20744
3 beds · 3 baths · 2,050 sqft
HOME COMPLETED IN 2022. Easy commute to JB Andrews, DHS and Coast Guard Headquarters, and the DC Metro area. This amazing split-foyer home features 3 bedrooms, 3 full baths, and an incredibly large eat-in kitchen. The home has a brick front and a fully finished, insulated 2-car garage. The interior features triple crown molding, recessed lighting, 9-ft ceilings, ceramic tile in the bathrooms, and quartz countertops and 42" cabinets in the kitchen. There is a large upper-level family gathering room and an additional generously sized family room on the lower level. The primary bedroom and an additional bedroom are on the upper level, and an alternate primary bedroom with full bathroom is located on the lower level. Relax in the back yard overlooking the tree conservation area. There is minimal drive-by traffic since it is only four houses from the end of the street. If you don't want to wait for new construction, this is the place! Convenient to Washington, DC; Alexandria, VA,; Joint Base Andrews; and Coast Guard and DHS Headquarters.
Source: BRIGHT #MDPG2131962
Financials
Source: BRIGHT #MDPG2131962
Source: Public records
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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