207 S Rock Glen Rd Baltimore, MD 21229
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About this home
HUD Owned Home, case number 244-197698. HUD Homes are sold "as is," FHA insurable with repair escrow, subject to appraisal. Nestled in the charming Ten Hills neighborhood, this Cape Cod home exudes warmth and character. Built in 1913, it seamlessly blends classic architecture with modern comforts, making it the perfect retreat for those seeking a cozy yet stylish living space. Step inside to discover a welcoming interior adorned with hardwood and carpet flooring. The spacious living area features recessed lighting with a decorative fireplace, creating an inviting atmosphere for gatherings. The well-appointed kitchen boasts a breakfast area and ample table space, ideal for casual meals or entertaining friends. Built-ins add a touch of elegance, while the entry-level bedroom offers convenience and flexibility. Upstairs, you'll find two additional bedrooms and a luxurious full bathroom complete with a soaking tub, perfect for unwinding after a long day. The fully finished basement provides extra space for recreation or storage. Outside, enjoy the fresh air on the charming porch or spacious deck, perfect for morning coffee or evening relaxation. The property is set on a generous 0.18-acre lot, with sidewalks that encourage leisurely strolls through the friendly neighborhood. This home is not just a place to live; it's a place to create lasting memories.
Source: BRIGHT #MDBA2186472
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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.