3800 E Northern Pkwy Baltimore, MD 21206
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About this home
Beautifully maintained and updated 4-bedroom, 2-bath home featuring large living room with built ins, adjoining to the dining room. A great size kitchen with a large pantry! Step inside to find fresh paint throughout, new carpet on the stairwell and upper hallway, and a newly painted deck overlooking a large fenced backyard—perfect for outdoor entertaining. The huge finished lower level offers a den, recreation room with a stylish sliding barn door, and a stunning second full bath with a walk-in shower, plus convenient laundry and storage areas. Enjoy peace of mind with major updates including newer roof, new siding, gutters, windows (except bay window), and doors (except basement)—all enhancing comfort and energy efficiency. The home is equipped with a high-efficiency ductless 5-zone heat pump system and dual-fuel heating with hot water baseboard backup, allowing each bedroom to have individual heating and A/C controls. Additional improvements include a new sink, vanity, toilet, and reglazed bathtub, new dishwasher, washer, dryer, new sump pump, and secure 20x20 one-car garage featuring extra storage lockers. Conveniently located within the county and city!
Source: BRIGHT #MDBA2188632
Loan details
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Close stress-free in 45 days, handled start to finish by Roam.
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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.