311 Woodbourne Ave Baltimore, MD 21212
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About this home
Welcome to 311 Woodbourne Ave, a charming single-family detached home nestled in the Greater Homeland neighborhood. This inviting residence spans 1,848 square feet and offers a perfect blend of classic elegance and modern comfort. With three generously sized bedrooms and two full bathrooms, this home provides ample space for relaxation and privacy. Step inside to discover the warmth of hardwood floors that flow throughout the spacious rooms. The granite kitchen countertop adds a touch of sophistication, making meal preparations a delight, and the kitchen flooring is an easy-care, sealed tile. The formal dining room sets the stage for memorable gatherings. Your guests can flow from the dining room to the patio and fenced yard or gather around the cozy wood burning fireplace in the living room, creating a welcoming ambiance for family and friends to enjoy. The basement offers lots of potential and can be customized to suit your lifestyle and needs, whether that's additional storage, a recreation space, or exercise area. Parking is available on the street or in the private garage, which has access directly into the fully fenced back yard for convenience and safety. Recent updates include new water heater (2023), new main sewer line (2021), garage roof replaced (2023), new tub liner (2022), washer replaced (2021). 311 Woodbourne Ave is a harmonious blend of timeless charm and modern amenities, ready to welcome you home. Don’t miss this opportunity to make this property your own and experience the best of Baltimore living.
Source: BRIGHT #MDBA2187384
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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.