7203 Purple Ash Ct, Clinton, MD 20735
4 beds · 4 baths · 3,498 sqft
Get a free consultation call with an expert in the mortgage assumption process.
AMAZING!! Prepare to be impressed the minute you enter the 2 story foyer... it only gets better when you walk into the gorgeous kitchen with stainless steep appliances, center island, and breakfast room. Kitchen overlooks large family room. Formal dining room great for holidays and/or special occasions. Upstairs you will find a huge owner's suite with step down sitting area, over-sized closet, and a spa bath with soaking tub, open shower, and dual sinks. Upper level also has 3 additional spacious bedrooms, a shared bath, and laundry area. Downstairs is where the fun will happen.... no need to drive to the movies when you have your very own theater room. Large rec/game room perfect for game night or gatherings . Also boasts a mirrored exercise room, full bath and walk in sauna. The backyard patio is ready for your summer BBQs, or relaxing after a long day. This one is sure to sell itself, just open the door! Buyer to verify HOA amount and FFB charges.
Source: BRIGHT #MDPG2144862
Source: BRIGHT #MDPG2144862
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.
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.
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 620, 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 and Equal Opportunity Act.