36 Mustang Dr, La Plata, MD 20646
3 beds · 4 baths · 2,188 sqft
Charming 3-level end-unit townhome with a 2-car garage, located in the highly desirable Steeplechase subdivision. The spacious living room features a cozy gas fireplace, perfect for relaxation. The stunning kitchen boasts upgraded countertops, an expansive island with ample seating, stainless steel appliances, a gas range, recessed lighting, a pantry, and a convenient coffee bar. Upstairs, you'll find a generous primary bedroom with a walk-in closet and an ensuite bath offering a double vanity and a large walk-in shower. Two additional front bedrooms, a hall bath, and a laundry area are also located on the upper level. The lower level includes a recreation room with a half bath, along with the 2-car garage and extra storage space. The Villages of Steeplechase is an amenity-rich community, offering a clubhouse, fitness center, pool, playground, parks, and low-maintenance living. Enjoy lawn mowing, snow removal, leaf cleanup, and more, all included in the HOA, along with community events at the clubhouse. Close to shopping, restaurants, grocery stores, boutique shops, library, hiking/biking trails and University of Maryland Charles Regional Medical Center. Enjoy golfing at the White Plains Regional Golf Course, ice skating or rock climbing at the Capital Clubhouse, exploring local wineries and breweries or catch a minor league baseball game at the Blue Crabs Stadium. Conveniently located to Joint Base Andrews, Pentagon, Bolling, MD-5, I-495 Beltway, Washington, DC, Virginia and commuter bus lots. Escape the city life and enjoy this relaxing retreat. Don't miss out on this amazing opportunity to make this beautiful house your home!
Source: BRIGHT #MDCH2040968
Financials
Source: BRIGHT #MDCH2040968
Source: Public records
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%. 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.
Other resourcesWhat is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.