6308 Cheetah Ct, Waldorf, MD 20603
4 beds · 3 baths · 2,028 sqft
Professional photos coming this week! Introducing your next chapter! Nestled in a vibrant neighborhood, this charming house awaits to be your home sweet home. Featuring four cozy bedrooms, including a spacious primary bedroom, and 2.5 well-appointed bathrooms, this residence combines comfort with convenience. With 2028 square feet of interior space, there's plenty of room for laughter, play, and making memories. The heart of the home features a kitchen that’s just waiting for your culinary adventures. Whether you're whipping up a quick breakfast or a festive dinner, the ample counter space makes it a breeze. Step outside, and you'll find more to love. The outdoor area offers a perfect backdrop for both relaxation and entertainment. Imagine sizzling barbecues, lively yard games, or simply soaking up the sun on a lazy afternoon. The lot size ensures you have the space to make it all happen. Parking is never an issue with ample space for your vehicles, making life just that little bit easier. Plus, the proximity to quality schools like Westlake and North Point High Schools, along with shopping and dining options, makes it an ideal spot for family living. And let’s not forget the community pool – a splash hit for cooling off on those warm summer days! If you’re looking for a home that hits all the right notes in a friendly, well-located neighborhood, and at a price point that doesn’t make your wallet weep, your search might just be over. Why just read about it when you can come and see it? After all, seeing is believing, and you have to see this one to believe it! **Owner may need up to a 30 day rent back** **Seller prefers to use TurnKey Title**
Source: BRIGHT #MDCH2040706
Financials
Source: Public records
Source: BRIGHT #MDCH2040706
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.
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 “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.