2044 Orchard Ave Jessup, MD 20794
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About this home
Nestled in the charming Champion Forest subdivision, this delightful Cape Cod-style home features 4 bedrooms and 2 full baths, offering a serene retreat on a spacious 0.46-acre lot. Step inside to an inviting family room adorned with hardwood floors and recessed lighting. The adjacent gourmet kitchen serves as the heart of the home, showcasing wood cabinetry, an island with electric cooktop, and stainless steel appliances—including a built-in microwave, wall oven, and French door refrigerator. The spacious family room that beckons for gatherings and cherished moments features vaulted ceilings with recessed lighting, a cozy wood pellet stove accented with a brick surround, and dining area, perfect for cozy evenings spent with loved ones or hosting dinner parties. A versatile three-season room addition (2022) complete with heating, cooling, and a sliding glass door that provides access to the outdoors, is an ideal setting for an additional gathering room, craft room, in-home gym, or large study with serene yard views. The main-level owner’s suite includes a walk-in closet, while an adjacent flex room with closet space can be converted into a secondary bedroom or in-home office. An updated hallway full bath with a tiled walk-in shower and frameless glass door complete this level. The lower level with separate exterior entrance features a rec room with newer LVP flooring (2021), two additional bedrooms, a full bath with walk-in shower, and a laundry area with storage space. Outdoor living is equally inviting, with a covered porch, gazebo, and storage shed that provide the perfect setting for morning coffee or evening relaxation while admiring the extensive landscaped yard and garden. Recent updates include exterior water heater (2023), exterior handrails to basement level (2024), hardy siding (2021), HVAC split for family room (2019), shed siding and doors replaced (2021), and main level new windows (2012). The circular driveway and additional concrete pad offer ample off-street parking. Conveniently located within 1 mile of Jessup MARC station and Jessup Park, and a short drive to Live! Casino, Arundel Mills, and BWI Airport. Don't miss the opportunity to make this exquisite home your own!
Source: BRIGHT #MDAA2129424
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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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