3504 Edgewood Rd Baltimore, MD 21215
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About this home
Elegance Meets Space in Ashburton! Welcome to 3504 Edgewood Road, a beautifully renovated and expansive home offering over 4,000 square feet of refined living space on a tree-lined street in the sought-after Historic Ashburton neighborhood. This impressive residence features five generous bedrooms and five full bathrooms, providing unparalleled flexibility for a large or multi-generational household, including an incredible three primary bedroom suites. Luxury abounds in these suites, with two of the bathrooms featuring soothing jetted tubs—a perfect retreat after a long day. The heart of the home showcases modern upgrades, including a gourmet kitchen with sleek granite countertops and high-end stainless steel appliances. Throughout the main living areas, you'll appreciate the timeless beauty of original hardwood floors complemented by durable ceramic tile in the wet areas. The home extends its living space with a fully finished basement, perfect for recreation, a home gym, or an extra family room. Enjoy quiet mornings or a glass of wine in the evening in the delightful quaint nook—a special, secluded space just off the back of the home. Outdoor amenities are equally impressive, featuring a detached garage and an expansive driveway that accommodates 4+ cars.
Source: BRIGHT #MDBA2187530
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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.