5401 Tramore Rd Baltimore, MD 21214
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About this home
Welcome to 5401 Tramore Road, a spacious and thoughtfully designed home that offers the perfect blend of modern comfort, flexibility, and convenience. With an open concept main level, four bedrooms, and three full bathrooms spread across three finished levels, this property is ideal for families, multi-generational living, or anyone looking for a home that adapts to their lifestyle. As you enter, you are immediately welcomed by the inviting open concept living and dining area, which seamlessly flows into the kitchen. This design creates a bright and airy atmosphere that enhances everyday living while also providing the perfect setting for entertaining family and friends. The kitchen and dining spaces are centrally located, making it easy to enjoy meals and gatherings while staying connected to the main living area. The main level is home to two generously sized bedrooms and two full bathrooms, providing comfort and accessibility. The layout is ideal for anyone who prefers convenient main-floor living without sacrificing space or style. On the upper level, you will find a private bedroom retreat, perfect for use as a guest suite, home office, or quiet getaway. This space offers privacy and versatility, making it a valuable addition to the overall floor plan. The fully finished basement extends the home’s functionality even further, featuring an additional bedroom and full bathroom. With its generous layout, the basement can serve as an in-law suite, recreation room, or media area, accommodating a wide range of needs. In total, this home offers four bedrooms and three full bathrooms, making it spacious enough for a growing household while also providing private areas for guests and family members. Located in a convenient and desirable area, 5401 Tramore Road provides easy access to major highways, schools, shopping centers, and dining options, ensuring that everything you need is just minutes away. With its open-concept layout, flexible floor plan, and multiple living areas, this home is ready to meet the demands of today’s modern lifestyle. Don’t miss the opportunity to make this charming and versatile property your next home. Schedule your private showing today!
Source: BRIGHT #MDBA2185228
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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.