4401 Natahala Dr, Clinton, MD 20735
4 beds · 4 baths · 3,472 sqft
STATELY COLONIAL IN CONVENIENT LOCATION, PRIDE OF OWNERSHIP SHOWS THROUGHOUT!! This home captures your attention at first glance with meticulous landscaping accenting its grand appearance.. As your enter, you'll instantly feel at home, gleaming hardwood floors throughout the main living area, sitting room that leads to the study, all the homes windows have been recently replaced, custom drapes adorning the windows in the front facing rooms of the home.. Dining room leads to the kitchen which features center island, granite counters, and newer stainless steel appliances.. Spacious family room with functioning fireplace leads to large deck which has been recently refinished overlooking the flat back yard with well kept lawn, great area for seasonal entertaining!. The upper level features newer carpet throughout, four spacious bedrooms including a true owners retreat with en suite and walk in closet.. The icing on the cake is the completely finished basement which is an entertainers dream complete with wet bar, two bonus rooms which can be used for just about anything, and full bathroom making it an all inclusive third level of the home.. Newer hot water heater and HVAC unit, lawn irrigation system, smart lock entrance and security cameras included.. Large two car garage... This home offers so much and is a short drive to shops and restaurants, the beltway, DC and Northern VA, won't last long, schedule your showing today!!
Source: BRIGHT #MDPG2145836
Source: BRIGHT #MDPG2145836
To qualify, you must meet the current FHA or VA 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
What 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.