3311 Beverly Rd Baltimore, MD 21214
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About this home
Welcome to 1311 Beverly Road, a beautifully updated home in the heart of Baltimore’s historic Beverly Hills neighborhood. This charming property offers the perfect blend of classic character and modern upgrades, creating an ideal space for today’s lifestyle. Step inside to find a spacious living area filled with natural light, featuring gleaming floors and fresh finishes throughout. The updated kitchen boasts stainless steel appliances, granite countertops, and ample cabinet space, making it a perfect spot for cooking and entertaining. The home offers generous bedrooms with plenty of storage and well-appointed bathrooms designed with modern touches. Outside, enjoy a large yard perfect for gatherings, gardening, or simply relaxing. The property includes a detached garage for secure parking or storage, and a private driveway equipped with an EV charger, adding modern convenience to the home’s appeal. Located just minutes from local shops, restaurants, parks, and major commuter routes, this home offers both comfort and convenience. Don’t miss your chance to own this move-in ready property in one of Baltimore’s most sought-after neighborhoods. Schedule your showing today!
Source: BRIGHT #MDBA2182176
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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.