5435 King Arthur Cir Rosedale, MD 21237
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About this home
$285,000 5435 King Arthur Cir Rosedale, MD 21237 Estimated payment $1,811/month 3 Beds 3 Baths 1,584 Sq Ft $180 Price per Sq Ft Highlights Colonial Architecture Central Air Heat Pump System About This Home Welcome to your dream home! This stunning 3-bedroom, 1 full bath, and 2 half-bath beauty has everything you’ve been looking for. As you enter, you'll be greeted by gleaming hardwood floors that flow effortlessly through the main living areas, creating an inviting and elegant space. The spacious living room is perfect for gatherings and opens to a gorgeous deck through beautiful French doors, allowing for seamless indoor-outdoor living. Step outside to enjoy the fully fenced-in backyard—ideal for hosting barbecues, gardening, or creating your own private retreat. The bright and charming kitchen is a true highlight, featuring a large bay window that's perfect for a cozy breakfast nook, a plant lover’s dream, or simply a sunny spot to relax with your morning coffee. There's ample space to cook, entertain, and make lasting memories. The home continues to impress with its fully finished basement, offering even more space for your lifestyle needs. It includes an additional multipurpose room that can serve as a home office, gym, or playroom—the possibilities are endless! Upstairs, the spacious bedrooms provide the perfect place to unwind, with plenty of closet space and natural light. The well-appointed full bath and two convenient half baths ensure that everyone has their own space. This home is not just a place to live, but a place to truly enjoy life. From the stunning French doors to the bay window and finished basement, every feature is designed to bring comfort and joy. Don’t miss the chance to call this enchanting home yours!
Source: BRIGHT #MDBC2139322
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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.
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