6504 Rosemont Ave Baltimore, MD 21206
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About this home
Welcome to 6504 Rosemont Ave, Baltimore, MD 21206 This beautifully renovated 4-bedroom, 3-bathroom home is the perfect place to start your homeownership journey! With over 1,800 sqft of finished living space, this home combines modern updates with cozy charm—making it move-in ready from day one. Step inside to find brand-new LVP flooring, a stylish faux fireplace feature wall, and a completely updated kitchen with gorgeous countertops and all new appliances—ideal for cooking your favorite meals or entertaining friends and family. The finished basement gives you even more space to spread out—use it as a rec room, guest suite, or home office. Plus, with brand-new utilities throughout, you can feel confident about your investment and focus on enjoying your new home. Outside, the extra-long driveway fits up to 5 cars, and the large backyard offers plenty of room for summer barbecues, pets, or future gardening plans. Need storage? There’s even a separate storage space in the back! Tucked away on a quiet block, but still just minutes from shopping, dining, and commuter routes along Belair Road, this home offers the best of both worlds—peace and convenience. Affordable, updated, and full of potential—this is the one you’ve been waiting for! Schedule your tour today and take your step toward homeownership!
Source: BRIGHT #MDBA2176250
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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.