4465 Shakespeare Cir White Plains, MD 20695
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About this home
Rare opportunity! Assume a 3.25% fixed-rate FHA loan — an incredible value in today’s market — or take advantage of 100% financing with no PMI plus a $5K grant! Ask me how! Welcome to the Danbury model by Lennar, built in 2021, featuring modern design, luxury finishes, and energy-efficient construction. This spacious 3-level single-family home offers 5 bedrooms and 4.5 baths, including a convenient main-level bedroom with a full bath — perfect for guests or multi-generational living. Step inside to find wide-plank luxury vinyl flooring, recessed lighting, and an open-concept layout filled with natural light. The gourmet kitchen features stainless steel appliances, a butler’s pantry, and an oversized island perfect for entertaining. Enjoy outdoor living on the spacious deck (added in 2021) overlooking the landscaped yard with a new irrigation system (2024). The fully finished basement offers versatile space for recreation, a home office, or guests. Recent updates include a new sump pump (2023), and the home comes move-in ready with a home warranty for peace of mind. Located in the sought-after St. Charles community of White Plains, this home combines comfort, style, and unbeatable financing opportunities. Schedule your private showing today and experience the best of Lennar’s Danbury model!
Source: BRIGHT #MDCH2048154
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Close stress-free in 45 days, handled start to finish by Roam.
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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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.