4924 Plata St Clinton, MD 20735
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About this home
Welcome to your new home in a prime Clinton location! Charming colonial offers over 2500 square feet of living space featuring 5 bedrooms, 2 full and 2 half baths plus a 2 car garage…perfectly designed for everyday living with comfort and style. Step inside to gorgeous new hardwood floors on the main floor that flow from the foyer to living room, to the elegant formal dining room, to the new gourmet kitchen through to the spacious family room. The new kitchen is stunning with new cabinets, backsplash, stainless steel appliances, and granite counter tops. There is a spacious family room next to the kitchen flanked by a wood burning fireplace 🔥and sliding glass doors leading to the deck. Upstairs, the primary bedroom also has hardwood floors, an en-suite bathroom and ample closet space. There are 3 additional bedrooms on this level that are all generously sized and share a full hallway bathroom. The fully finished lower level offers a recreation room, bedroom, bonus room and half bath making is perfect for family living and fun. Outside, relax with morning coffee/tea on the large deck with protection from sun, rain or snow….thanks to the new fiberglass awning!! Enjoy the spacious backyard complete with shed and new fence. New gutters also add value. Excellent location - minutes to AAFB, National Harbor, MGM Grand and major commuter routes ie. I-495 & MD-5. Well maintained home and move in ready. Don't miss it!
Source: BRIGHT #MDPG2180016
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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.