1628 Stream Valley Overlook Severn, MD 21144
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About this home
Exquisite Toll Brothers Home in Arundel Forest on Premium Lot!!! Welcome to this beautifully maintained Woodstock model by Toll Brothers, located in the highly desirable Arundel Forest community on one of the best lots in the neighborhood! Step into a bright, two-story foyer that flows into formal living and dining spaces. The gourmet kitchen features granite countertops, brand-new stainless steel appliances, ample cabinetry, and an oversized breakfast bar. It opens to a spacious family room with vaulted ceilings, a wall of windows, and a cozy gas fireplace. Enjoy the sunny solarium with serene wooded views, leading to a deck and a custom stone patio—complete with built-in fire pit, grilling area, bar, and space for outdoor dining—perfect for entertaining. Main level also includes a versatile flex room (ideal as bedroom or office), powder room, laundry, and mudroom. Beautiful engineered hardwood flooring. Upstairs, the luxurious primary suite boasts a sitting room, dual walk-in closets, and a spa-like bath with soaking tub, frameless shower, dual vanity, and private water closet. Three additional bedrooms share a full bath with dual sinks. Open hallway overlooks the beautiful foyer. The finished basement is a showstopper with exposed beams, a custom reclaimed wood bar, karaoke system & TV (included), and a huge rec room. Plus: two bonus rooms (used as a gym and guest room) and a full bath—ideal for guests or extended stays. New carpet. Located in a resort style community with great amenities ( outdoor pool, clubhouse, playground (2), walking trails) and convenient access to major routes 295, 95, 100, 32, shopping, entertainment. Minutes from Ft Meade, NSA, National Business Park. Centrally located between Baltimore, Annapolis and Washington DC. Don’t miss this rare opportunity! Please refer to floor plan for sq footage of each floor.
Source: BRIGHT #MDAA2127058
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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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