4702 Thoroughbred Dr, Upper Marlboro, MD 20772
5 beds · 4 baths · 3,072 sqft
Exceptional Opportunity to Make Marlboro Ridge Your Home... A unique equestrian community featuring unsurpassed recreational amenities — all in a pastoral setting just 5 minutes from the Beltway! Amenities include an Equestrian Center with stables and boarding; a grand Clubhouse with a fitness center & aerobics studio, pool with beach entrance and toddler pool, men’s & women’s locker rooms, meeting rooms, and banquet room with catering kitchen; tennis courts; picnic areas; open spaces; and miles of recreational trails with exquisite floor plans designed by the award-winning builder Toll Brothers. This stunning 5-bedroom, 4-full-bath multi-generational residence is truly a treasure. As you step through the front door, you are welcomed by an open and airy floor plan. The spacious living room, adjacent to the hardwood entryway, seamlessly flows into the dining room adorned with coffered ceilings, complemented by a multi-generational bedroom and a full bath. The central entryway opens into a vast kitchen with granite countertops, hardwood cabinetry, and stainless steel appliances. The inviting breakfast nook provides access to an expansive Trex deck, while the large family room boasts a vaulted ceiling and a cozy fireplace. $20,000 Price Reduction, Open Sun:3/23, 1 PM-3 PM On the upper level, the grand owner’s suite features a walk-in closet, a sitting area, and a luxurious en-suite bath with a two-person shower, a generous corner soaking tub, and a water closet. Three additional well-proportioned bedrooms and another full bath complete this level. The full basement is perfect for entertaining, featuring a large recreational area, a full bath, and a bonus room that can serve as a potential theater room. This beautiful home is situated on a private cul-de-sac, set on a beautifully landscaped lot with in-ground sprinklers. Enjoy picturesque views from the rear deck that overlooks the community.
Source: BRIGHT #MDPG2145374
Financials
Source: BRIGHT #MDPG2145374
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.