4785 Ford Ct White Plains, MD 20695
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About this home
2.99% VA ASSUMABLE LOAN! Calling all car or motorcycle enthusiasts to this quaint home in the community of Capital Estates. This home has a HUGE 24 x 48 ft detached garage equipped with an air compressor and high ceilings that could accommodate a car lift. Step inside to this 3 bedroom, 2 bath home RANCH style with open floor plan. The white & bright kitchen has been updated with sleek stainless steel appliances. It has a large center island for extra storage, prep space or just to gather around. The main level boasts hardwood floors, 2 beds & the primary suite. Both of the bathrooms are beautiful. The lower level is finished with another family room space, and a separate room that can be used as a 4th bedroom or office. UPDATES-Roof - 2020, Heat Pump 2021, Water Heater - 2021, Kitchen appliances - 2021. The backyard offers unbridled privacy. It is fully fenced & backs up to a farm with horses that sometimes come right up to the fence. Enjoy this peaceful lifestyle in a great neighborhood, close to the town of White Plains with shopping & restaurants. Minutes to Rt 301 for an easy commute north or south to DC, Andrews AFB, Indian Head, Dahlgren Naval Center, and more. Don't miss the aerial video. Set up your showing today.
Source: BRIGHT #MDCH2045936
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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.