47355 Greenway St, Lexington Park, MD 20653
4 beds · 4 baths · 3,520 sqft
Get a free consultation call with an expert in the mortgage assumption process.
This spacious colonial home boasts a welcoming formal living room that seamlessly flows into the elegant dining room, perfect for both intimate gatherings and larger celebrations. The eat-in kitchen features a generous pantry, sleek granite countertops, a central island, and high-end stainless steel appliances, offering both style and functionality. The kitchen opens up to a cozy family room complete with a gas fireplace, creating an ideal space for relaxation. For added convenience, a thoughtfully placed half bath is also located on this main level, ensuring comfort for your guests. Upstairs, you'll discover three generously sized bedrooms, alongside a well-appointed hall bathroom. The expansive primary suite is a true retreat, offering a spacious layout with a luxurious ensuite bathroom and a walk-in closet. This walk-in closet is designed with custom shelving and ample storage space, providing a perfect organization solution for all your wardrobe and accessory needs. The primary bathroom features a double vanity, a sleek glass-enclosed shower, and a corner soaking tub with a stylish tile surround—perfect for unwinding after a long day. The finished walk-out basement offers a versatile layout, perfect for a variety of uses. Enjoy a spacious rec room ideal for entertaining, a bonus room that could easily serve as an office or additional living space, and a full bathroom for added convenience. With direct access to the outdoors to showcase the fully fenced and private corner lot. This home truly has what you need when it comes to space, luxury and appeal! The property also features stunning hardscape elements, including a beautifully crafted retaining wall that enhances the front landscape. Stone steps, thoughtfully designed with built-in lighting, lead the way through the outdoor space, creating an inviting atmosphere as the lights softly illuminate the path in the evening. These timeless features not only offer practicality but also add a touch of elegance and charm to the home's exterior, making you proud to display your beautiful home and eager to come home after a long day away.
Source: BRIGHT #MDSM2022772
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: BRIGHT #MDSM2022772
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.