9316 Master Derby Dr, Randallstown, MD 21133
3 beds · 3 baths · 1,651 sqft
Welcome to 9316 Master Derby Drive, a stunning home in the heart of Randallstown. As you enter, you'll be greeted by luxury vinyl plank flooring leading to a versatile den or home office. Step outside to enjoy the rear wide open green space and convenient access to a one-car garage is also found on the entry level. Make your way to the heart of the home, the main level, boasting a gourmet kitchen equipped with stainless steel appliances, a double stainless-steel sink with goose neck faucet, kitchen island with a breakfast bar & pendant lighting, gorgeous cabinetry with extra storage space, and elegant low maintenance flooring. The dining room is adjacent to the kitchen, filled with natural light and is the perfect spot for morning coffee or planning your day. The bright living room features an upgraded stone electric fireplace surround, creating a warm and inviting atmosphere. A half bath is also found on the main level, ensuring convenience. Upstairs, the bedroom level is designed for relaxation, featuring a primary ensuite with plush carpeting, walk-in closet and a primary bath with a double sink vanity and a large walk-in shower. Two additional bedrooms and a full bath with low maintenance flooring and a tub shower combination are perfect for family or guests. This home is ideally located close to dining, shopping, and commuter routes, making it a perfect choice for those seeking convenience and accessibility. This home offers a wonderful opportunity to enjoy a vibrant community close to schools and parks. Don't miss the chance to make this beautiful property your new home!
Source: BRIGHT #MDBC2118872
Financials
Source: BRIGHT #MDBC2118872
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.
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