5713 Old Court Rd Windsor Mill, MD 21244
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About this home
1 YEAR HOME WARRANTY INCLUDED! This charming 3 bedroom and 3 full bath home with a 2-car detached garage has so much to offer! Relax on the large wraparound covered front porch and then step inside to a welcoming entryway with beautiful hardwood floors that flow throughout much of the main level. The spacious living room with a bump out sunroom offers plenty of natural light, leading to the dining room with a stone wood-burning fireplace, perfect for gatherings and special dinners. The cozy family room is perfect for movie nights and family time. The functional kitchen has a walk in pantry and an exit to the rear covered porch, leading out to the backyard. The main level also has a full bath for your convenience. Upstairs, you’ll find three large bedrooms, each with hardwood floors, and another full bath with classic ceramic tile. An upper level storage room with an exit to an exterior staircase offers great functionality, and there is a staircase to the walkable attic with lots of storage, which could also be turned into finished space. The lower level includes a laundry area and a convenient full bath. With its thoughtful layout and timeless character, this one won't last long! Make it yours!
Source: BRIGHT #MDBC2143278
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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.