3655 Forest Garden Ave Gwynn Oak, MD 21207
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About this home
Welcome home to 3655 Forest Garden Avenue, a warm and inviting 4-bedroom, 2.5-bath Colonial nestled in the heart of Gwynn Oak, Baltimore. From the moment you arrive, you’ll feel the charm and care that make this home truly special. Step inside to find a bright and comfortable living area perfect for relaxing or gathering with family and friends. The spacious dining room flows nicely into the kitchen, creating the ideal setup for everyday meals and special occasions. Upstairs, you’ll find three generously sized bedrooms and a brand-new, beautifully updated full bathroom(2022), giving everyone plenty of space to unwind. The home also features a newer roof(2021), doors, windows and several other thoughtful updates that offer peace of mind for years to come. The fully finished basement adds even more living space and versatility—it has been previously rented for $1,000 per month over the years, with potential to command even more. Whether you choose to use it as an in-law suite, guest area, or additional income opportunity, the possibilities are endless. Enjoy the outdoors in your private backyard—perfect for playtime, gardening, or weekend barbecues. Conveniently located near local parks, shops, and commuter routes, this home offers the perfect balance of comfort, convenience, and community. Centrally located in a great neighborhood the time is now to purchase this great home.
Source: BRIGHT #MDBC2143074
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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.