370 Buckeye Cir La Plata, MD 20646
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About this home
đ„Back on the market due to buyer financing.đ„đïžModern Villa in Steeplechase with Premium Amenities!.....Discover this stunning 3-bedroomđïž, 3-full bathroom đ Villa offering comfort, convenience, and an incredible financial opportunity. Enjoy spacious living, featuring a highly sought-after main floor laundry for ultimate ease.......đ KEY FEATURES - 3 Bedrooms, 3 Full Bathrooms: Generously sized bedrooms provide ample space for relaxation, while three full bathrooms ensure privacy and convenience for all.......2-Car Garage: Secure, attached two-car garage provides plenty of space for vehicles and additional storage.......Main Floor Laundry: Experience the ultimate convenience of a dedicated laundry room on the main level.....Community Amenities: Indulge in the fantastic community clubhouse, sparkling swimming pool, and a well-equipped exercise facility â perfect for recreation and staying active....................This Villa offers the perfect blend of modern living and resort-style amenities, all within a vibrant community. Don't miss out on this rare chance to own a beautiful home in Steeplechase!
Source: BRIGHT #MDCH2044722
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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 todayâs 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 youâre interested in purchasing in. Utilize the search filters to narrow down your search. Click âSave searchâ to save your search preferences and activate listing notificationsâweâll email you as soon as new listings match your criteria.
Once youâve 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 sellerâs equity in the home. The sellerâs 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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.