1815 Millridge Ct Annapolis, MD 21409
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About this home
BACK ON THE MARKET-Buyer's home sale contingency expired. Don't miss the opportunity to visit this amazing house tucked away on a private wooded lot in the desirable community of The Meadows. This spacious contemporary offers a perfect blend of modern updates and retreat-like living. With 4–5 bedrooms and 3 full and 2 half baths, the flexible floor plan includes an eat-in kitchen with fireplace, large separate dining room, two bonus rooms in the lower level and a coveted main level primary suite, ideal for the ease of single-level living. Recent upgrades include a new roof and skylights, and wide-plank hardwood floors, enhancing the home’s fresh, move-in-ready appeal. Soaring ceilings, expansive windows, and open living spaces help fill the home with natural light, while a stunning double-sided stone fireplace creates a warm focal point. Upstairs, generous bedrooms provide space for family or guests, and the finished lower level offers endless possibilities for recreation, a media room, or home office. Enjoy the serenity of the wooded setting with private outdoor spaces perfect for relaxing or entertaining. All of this comes with easy access to Route 50 and is just minutes from downtown Annapolis, shopping, dining, and waterfront attractions.
Source: BRIGHT #MDAA2126310
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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.