102 Patton Way Elkton, MD 21921
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About this home
Welcome to 102 Patton Way in the desirable golf course community of Patriots Glen! New roof in 2025! New trex deck 2025! Open concept floor plan, 3900+ sf of living space including the finished lower level, 4 bedrooms upstairs (3 with walk-in closets), 3.1 baths, 2 story foyer, formal living and dining rooms, wainscoting & 9' ceilings. Neutral decor throughout, engineered hardwoods on the main level. Kitchen with new granite countertops, updated stainless appliances, large island/breakfast bar and pantry for plenty of storage. The kitchen is open to the family room with gas fireplace, sliders to 2 tier deck overlooking woods backing to a 5-acre pond on 17th hole! Spacious Master Suite upstairs with cathedral ceiling, huge walk-in closet, private 4-piece bath with updated vanity. The 13x11 loft is great flex space and could be an office/study area. The finished lower level includes a full bathroom and egress to the back yard. HOA $162/qtr includes swimming pool, clubhouse, tennis courts, tot lot. Golf membership available. Easy access to Elkton, Newark, University of Delaware, shopping and I-95, both north and south of the 896 toll facilities. Make your appointment to see this wonderful home today!
Source: BRIGHT #MDCC2019472
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FAQs
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
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