318 E 28th St Baltimore, MD 21218
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About this home
Welcome to your dream home in Charles Village! Nestled in the heart of the city, this beautifully renovated townhome offers the perfect blend of historic charm and modern convenience. Boasting 3 bedrooms and 1.5 baths, this spacious abode is ready to welcome you home. Step inside and be greeted by a bright and airy living space, complete with gleaming hardwood floors and abundant natural light. The open-concept layout seamlessly flows from the living room to the dining area, providing the ideal setting for both relaxation and entertainment. The chef-inspired kitchen is sure to impress with its sleek countertops, stainless steel appliances, and ample cabinet space. Whether you're whipping up a quick meal or hosting a dinner party, this kitchen has everything you need to unleash your culinary creativity. Upstairs, you'll find three generously sized bedrooms, each offering plush carpeting, ample closet space, and plenty of room to unwind. The luxurious full bathroom features modern fixtures and a stylish vanity, creating a spa-like atmosphere for your daily routine. Outside, a charming patio provides the perfect spot for al fresco dining or enjoying your morning coffee in the fresh air. Conveniently located close to everything the city has to offer, including shops, restaurants, parks, and public transportation, this home truly has it all. Don't miss your chance to make this Charles Village gem your own – schedule your showing today!
Source: BRIGHT #MDBA2175894
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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.