2409 Senate Ct Prince Frederick, MD 20678
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About this home
Located in one of Prince Frederick’s HOTTEST AND MOST DESIRED communities, welcome to your next chance to call Oakland Hall home! The ever-popular Adelina floor plan offers incredible space at an unbeatable value, with over 2,700 square feet above grade and in a prime cul-de-sac location. A large front porch welcomes you inside to a beautiful two-story foyer with a grand staircase. To your left, a designated dining room doubles perfectly as a flex space for hobbies or an additional sitting room. To your right, you’ll find a private at-home office with French doors, ideal for today’s work-from-home lifestyle. Gorgeous engineered hardwood floors flow throughout the main level, leading you into the heart of the home: the kitchen and living room combo. The kitchen features two-toned cabinetry, stainless steel appliances including a double oven, stunning granite countertops, and best of all, a HUGE walk-in pantry. With ample cabinetry and generous counter space, the chef of the home will be happy! Enjoy peaceful views of the wooded backyard from your composite deck, complete with a gazebo for shade and steps leading down to your usable backyard. A tree-lined side yard provides privacy, while a large retaining wall creates a level and functional space for outdoor fun, entertaining, or gardening. This backyard is sure to become a favorite space to unwind. Upstairs, the stained staircase with white risers leads you to the bedroom level, where you’ll find a spacious laundry room for added convenience. The owner’s suite is sure to impress with a tray ceiling and three (yes, three) closets. The en-suite bath is beautifully appointed with the "Grand" walk-in shower with glass doors and a bench, a soaking tub, and dual sinks. The secondary bedrooms are all generously sized, and one even features its own walk-in closet. The unfinished basement offers endless possibilities, already equipped with a rough-in for a future full bath, a large window for a potential bedroom, built-in shelving, and a water softener and chlorinator system for clean, fresh water. Enjoy peace of mind in this ENERGY STAR qualified QBH home featuring a tankless water heater, high-efficiency HVAC, and high-performance windows. As a resident of Oakland Hall, you’ll love the community amenities including a clubhouse, swimming pool, sidewalks, and street lighting, creating a neighborhood that’s every bit as inviting as the home itself.
Source: BRIGHT #MDCA2023652
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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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