915 Horse Collar Rd, Accokeek, MD 20607
5 beds · 4 baths · 3,435 sqft
Absolutely fantastic 5-bedroom 4 bath 3 finished level home ready for its next owners. This is an extremely rare find with a full bedroom and bathroom on the main level, 4 bedrooms and 2 full baths on upper level and a finished basement with 2nd kitchen, 4th full bathroom and separate room that could be used as a separate sleeping room. Let’s start at the street, the home is a definite head turner located on a quiet cul-de-sac with sidewalk lined wide streets with homes of equal value and ownership pride. The driveway is wide leading up to an oversized garage. Once you reach the front door, you will notice the large front porch overlooking a nice sized front yard, the perfect distance from the street. The main level is awesome with hardwood floors throughout. As you step into the home in the formal foyer you will look to the right and see a wonderful library with built-in bookcases and plenty of space. The family room is huge with ceramic floors, large area for huge furniture and gigantic TV with fireplace. The kitchen just off the dining room is what you have been looking for with large island, granite counters, high end cabinets, back splash, stainless steel appliances, stove with a gas cooktop, huge pantry, kitchen table space and additional built-in cabinets. Upper level is amazing with 4 bedrooms and 2 full baths. Owners suite has large bedroom area with sitting room, 2 walk in closets, over the top bathroom with ceramic tile, a shower right out of a blockbuster movie, dual vanity sink, stand-alone bathtub and toilet area that is in its separate closed off area. The ceramic tile in shower is one of a kind with glass walls around the shower and dual shower heads and controls. You must see this bathroom! The other 3 bedrooms are large with plenty of closet space. The lower level is equally impressive starting with a large open room for entertaining with brand-new built-in TV wall with the cutout shelving having LED lighting that can change colors depending on the season and your favorite team’s colors. The electric fireplace finishes the custom wall off perfectly. Basement has a custom bar with sink, separate FULL kitchen with 2nd Laundry Room! YES 2 full laundry rooms. The kitchen has a full sized stove, microwave, refrigerator and sink with plenty of counterspace. The backyard is completely fenced-in with 6 foot privacy fence, dog kennel, concrete patio under large deck just off the kitchen on the main level. This home has it all.
Source: BRIGHT #MDPG2145958
Source: BRIGHT #MDPG2145958
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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