725 Blackhorse Trl Severn, MD 21144
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About this home
Welcome! This beautifully designed home offers generous living space across three finished levels, blending style, comfort, and functionality. Enjoy an open and elegant main level with wood floors throughout. The chef’s kitchen features quartz countertops, a blue island, dual sinks (including apron-front), pot filler, double oven, stovetop, stainless steel appliances, and a walk-in pantry. The kitchen flows into a bright dining area and cozy family room with a gas fireplace and separate sitting area. A formal dining room, living room, mudroom with sink, and two staircases (one at the entry and one from the kitchen) complete this level. Upstairs you'll find the spacious primary suite including a sitting area, walk-in closet, and en suite bath with double sinks, large tiled shower, and separate tub. There are three additional bedrooms on this level. One has its own en suite, while two others share a Jack and Jill bathroom. The fully finished basement is perfect for guests, extended family, or an in-law/au pair suite. It includes a large bedroom with both a walk-in and standard closet, a beautifully appointed en suite bath with dual sinks and a tile shower, a generous recreation room, and a full kitchen with granite countertops, white cabinetry, apron sink, and space for dining or lounging. Step outside to enjoy a deck and a covered concrete patio—perfect for relaxing or entertaining. This home is located with convenient commuting to Fort Meade, Baltimore, DC, or Annapolis. This home is a perfect blend of comfort, luxury, and thoughtful design.
Source: BRIGHT #MDAA2128408
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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.