5701 1st Ave Halethorpe, MD 21227
Your savings
About this home
Welcome home to this beautifully updated residence perfectly situated on a corner lot surrounded by sidewalks in the heart of Arbutus! The interior boasts luxury vinyl flooring, elegant crown molding, and abundant natural light throughout. The gourmet kitchen features stainless steel appliances, quartz countertops with a stylish tile backsplash, a peninsula with a breakfast bar, ample cabinetry, and thoughtfully placed lighting. The main level offers two spacious bedrooms and a full bath, while the upper level showcases a stunning primary suite complete with vaulted ceilings, dual walk-in closets, and a cozy sitting area with access to a private balcony. The luxurious en-suite bath includes a skylight, a glass-enclosed shower with multiple shower heads, and a freestanding soaking tub for the ultimate retreat. Additional highlights include a charming laundry room, covered front porch, fenced rear yard, patio, balcony, shed, and exterior lighting. Enjoy the convenience of being within walking distance to Downtown Arbutus and close to outdoor destinations like Patapsco Valley State Park, Arbour Manor Park, and Rolling Road Golf Club. Ideal for commuters with easy access to I-95, I-695, I-195, US-1, and the MARC Train.
Source: BRIGHT #MDBC2143024
Loan details
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
If you find a better price on any home, we’ll match it.
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.