4254 Ridgeway Dr Brandywine, MD 20613
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About this home
Discover this beautifully updated Colonial in the sought-after Bowen Estates neighborhood, offering 5,626 sqft. of living space on 3.6 private acres. Featuring 5 bedrooms, 4 full baths, and a 3-car garage, this home is move-in ready with new carpet, fresh paint, a well-maintained HVAC system, a roof just a few years old, and more! The main level primary suite is a true retreat with a huge walk-in closet, dual sinks, a large shower, and a jacuzzi tub, while all additional bedrooms are generously sized, ensuring there is plenty of room for the whole family. The home also includes a security alarm system for peace of mind. Owned solar panels and a solar water heater adds efficiency and helps keep energy costs low with the added benefit of generating income through Solar Renewable Energy Credits (SRECs). For added value, the home also comes with a transferable HVAC maintenance agreement and carpet warranty. Skylights brighten the interior with natural light, and large reversible ceiling fans in the oversized family room and kitchen add year-round comfort. A pellet stove adds extra warmth and creates a cozy atmosphere during the colder months. Convenient washer and dryer units are located on both the upper and lower levels, adding to the home’s practicality. The partial basement includes a rough-in for a bathroom, a walk-out, and plenty of storage space- ideal for future expansion. Enjoy the outdoors from the welcoming front porch, expansive back deck, or the privacy of the wooded lot, complete with two sheds and a soft shell structure. This home offers the perfect blend of comfort, convenience, and value, all just minutes from shopping, dining, and commuter routes. No HOA! Located in a USDA eligible zone. Don't miss the opportunity to make this beautiful home yours... schedule your showing today!
Source: BRIGHT #MDCH2047068
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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.