1240 Beaver Tree Dr Odenton, MD 21113
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About this home
Pick your buyer concession: Interest rate buydown or closing assistance!!! Welcome to 1240 Beaver Tree Drive, a beautifully maintained villa-style home in the highly desirable 55+ community of Two Rivers, where modern comfort meets timeless design. Thoughtful upgrades and elegant finishes shine throughout, from the gleaming hardwood floors and crown molding to the wainscoting details that add character and warmth. The main level offers an inviting open layout with a spacious living area featuring a coffered ceiling, built-in shelving, and a cozy gas fireplace. The gourmet kitchen is ideal for both everyday cooking and entertaining, with extended cabinetry, generous counter space, and a dining area that opens to the back porch and fenced yard. A main-level primary suite provides the perfect retreat with a tray ceiling, walk-in closet, and spa-inspired bath complete with a double vanity, private water closet, and walk-in shower. This level also includes a half bath for guests, a laundry room, a versatile room that can serve as a home office or third bedroom, and access to the attached two-car, front-entry garage. Upstairs, a comfortable loft offers additional living space along with a large bedroom and full bath—perfect for guests or hobbies. The fully finished lower level extends your living area with a spacious recreation room, a workshop for projects or crafts, a third full bath, and a pool table that conveys with the home. Outdoors, enjoy relaxing or entertaining on the covered porch overlooking the private fenced yard. Set within the vibrant Two Rivers community, residents enjoy resort-style amenities including pools, pickleball and tennis courts, a clubhouse, fitness center, and miles of walking trails. Conveniently located near major commuter routes including Route 32, I-97, and the MARC train, this home offers easy access to Fort Meade, NSA, BWI Airport, Annapolis, Baltimore, and Washington, D.C. Nearby shopping, dining, and entertainment options abound at Waugh Chapel Towne Centre and Arundel Mills, while nature lovers can explore Patuxent Research Refuge and local parks. This is the ideal blend of style, convenience, and active adult living.
Source: BRIGHT #MDAA2128598
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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.
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