8000 Owens Way, Brandywine, MD 20613
5 beds · 5 baths · 5,790 sqft
Stunning Brick Front Colonial Home in a Private Cul-de-Sac – 5 Beds, 4.5 Baths Welcome to this beautiful Colonial home, perfectly situated on a ½-acre lot in a quiet cul-de-sac, backing to serene woods for ultimate privacy. With 5 bedrooms, 4.5 bathrooms, and a spacious, thoughtfully designed layout, this home is perfect for modern living and entertaining. Home Features: ✔ Elegant Living Spaces – Formal living room, dining room, office, and family room, offering versatility and comfort. ✔ Gourmet Kitchen – Featuring granite countertops and all essential appliances: refrigerator, sink, dishwasher, gas stovetop, microwave, and oven. ✔ Cozy Fireplace – Stunning stonework on the fireplace, creating a warm and inviting ambiance. ✔ Screened-In Deck – Enjoy the outdoors year-round in this peaceful retreat. ✔ Expansive Upstairs Bedrooms – Spacious rooms, including a luxurious primary suite with a sitting room. ✔ Spa-Like Primary Bath – A unique dual en-suite layout with a bathtub in the center and a walk-through shower for added luxury. ✔ Finished Basement – Includes a workout room, pool table room, mini bar, full bath, and TV room—perfect for entertaining. ✔ Recent Upgrades – New carpet in two guest bedrooms and the primary suite; the rest of the carpet was replaced approx. 5 years ago. Many rooms freshly repainted for a modern, refreshed look. Leaf filter gutter guards for low-maintenance living. Two HVAC units—one replaced 2 years ago, the other 5 years ago. ✔ Enhanced Curb Appeal – Updated front pavers with built-in lights along the walkway, center island, and landscaping (completed approx. 8 years ago). This exquisite home offers the perfect blend of classic charm, modern updates, and peaceful surroundings. Don’t miss the chance to make it yours!
Source: BRIGHT #MDPG2144224
Source: BRIGHT #MDPG2144224
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.