12212 Bedford Rd NE Cumberland, MD 21502
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About this home
Welcome to this beautifully maintained 5-bedroom, 3-bathroom home perfectly situated on a generous corner lot in the desirable Fort Hill School District. Offering both space and style, this property is ideal for growing families or those who love to entertain. This home has space to spare! and finished basement could work for an apartment or in law suite. Inside, you’ll find a thoughtfully designed layout with a spacious living area, a cozy fireplace for chilly evenings, and plenty of windows that fill the home with natural light. The main floor includes a versatile bedroom and full bath—perfect for guests or a home office. The heart of the home features an open kitchen with ample cabinetry, flowing seamlessly into the living areas. Upstairs, enjoy the convenience of upper-level laundry, along with four well-sized bedrooms, including a large primary suite with an en-suite bath and walk-in closet. Step outside to a well-kept yard—perfect for kids, pets, or hosting gatherings. The finished basement offers even more space with a dedicated workshop area, perfect for hobbyists or additional storage. Enjoy the warmer days or colder nights in the lovely closed in breezeway! Additional highlights include a two attached garages. One on ground level from front of house and the other from basement level. This home has great curb appeal, and in a sought after area. Just minutes from I-68 to make your travel more convenient. This move-in-ready gem won’t last long—schedule your private tour today! You must see this one to appreciate all it has to offer!
Source: BRIGHT #MDAL2011638
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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.